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You want to buy a $239,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan at
You want to buy a $239,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan at 6.3% interest for the rest. a) What is the amount of the down payment? $ b) What will the amount of the mortgage? $ c) The bank charges 2 points on the loan. What is the amount charged for points? S
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