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You want to buy a home for $ 3 3 0 , 0 0 0 and you need to borrow 8 0 % of the

You want to buy a home for $

330, 000

and you need to borrow

80 %

of the home price. Fixed

-

rate

30 -

year mortgages have an interest rate of

4.3 % .

You decide to obtain this mortgage loan. Estimate ending balance at the end of the second month.

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