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You want to buy a $ 1 8 3 , 0 0 0 home. You plan to pay 1 0 % as a down payment,

You want to buy a $183,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for
the rest.
a) How much is the loan amount going to be?
S
b) What will your monthly payments be if the interest rate is 5%?
c) What will your monthly payments be if the interest rate is 6%?
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