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You want to buy a $ 1 3 9 , 0 0 0 home. You plan to pay 5 % as a down payment, and
You want to buy a $ home. You plan to pay as a down payment, and take out a year loan at interest for the rest.
a How much is the loan amount going to be
$
Correct
b What will your monthly payments be
$
Incorrect
c How much total intere
d Suppose you want to pay off the loan in years rather than What will your monthly payment be
$
e How much money in interest will you save if you finance for years instead of years?
$
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