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You want to buy a $209,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan for the
- You want to buy a $209,000 home. You plan to pay 5% 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 6%?
- c) What will your monthly payments be if the interest rate is 7%?
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a The loan amount will be the total cost of the home minus the down payment Loan amount Total cost o...
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
