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You want to buy a home for $300,000 and plan to make 20% down payment on your mortgage loan. Fixed-rate 20-year mortgages has an interest
You want to buy a home for $300,000 and plan to make 20% down payment on your mortgage loan. Fixed-rate 20-year mortgages has an interest rate of 5%. You are considering getting this loan. By how much will your monthly payment decline if you will negotiate a decrease in interest rate to 4.8%? O A. $26.39 O B. $32.99 OC. $50.00 O D. $52.13 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. O A. $245,960.27 OB. $263,277.79 OC. $263,639.54 OD. $289,679.40
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