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

You want to buy a $255,000 home. You plan to pay 15% as a down
payment, and take out a 30 year loan for the rest.
a) How much is the loan amount going to be?
$
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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