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You want to buy a $275,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the
You want to buy a $275,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. (Enter numeric answers to 2 decimal places.) 1-how much is the loan going to be? 2-What will your monthly payments be if the annual interest rate is 3.25%, compounded monthly? 3-What will your monthly payments be if the annual interest rate is 4.25%, compounded monthly
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