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Your client wants to purchase a new home for $ 3 0 0 , 0 0 0 and finance $ 2 5 0 , 0
Your client wants to purchase a new home for $ and finance $ with a year fixed mortgage. a What is the monthly payment for principal and interest for this mortgage? b How much interest would be paid in the first payments? What would the loan balance be after years, assuming all payments were paid on time?
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