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You want to buy a $181,000 home. You plan to pay 5% as a down payment, and take out a 25 year loan for the

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You want to buy a $181,000 home. You plan to pay 5% as a down payment, and take out a 25 year loan for the remaining balance. a) How much is the loan amount going to be? $ b) What will your monthly payments be if the interest rate is 6%? $ c) What is the total of all payments made over the life of the loan? $ d) What would your monthly payments be if you could afford to pay off the home in 15 years instead? e) What would the total of all payments be with the shorter time period on the loan? f) How much money do you save by paying of the loan more quickly

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