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You want to buy a $ 2 2 5 , 0 0 0 . 0 0 home. You plan to pay 1 0 % as

You want to buy a $225,000.00 home. You plan to pay 10% as a down payment, and take out a 20-year loan
for the rest.
A. How much is the loan amount going to be?
My loan amount will be
B. What will your monthly payments be if the interest rate is 6%?
If my interest rate is 6% then my monthly payment will be
Hint
C. What will your monthly payments be if the interest rate is 3%?
If my interest rate is 3% then my monthly payment will be
Hint
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