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You want to buy a $231,000 home. You plan to pay 5% as a down payment, and take out a 30 year fixed loan for
You want to buy a $231,000 home. You plan to pay 5% as a down payment, and take out a 30 year fixed loan for the rest. Round all answers to the nearest cent as needed. a) How much is the loan amount going to be? b) What will your monthly payments be if the interest rate is 4.4%? c) What will your monthly payments be if the interest rate is 5.4%? Check
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