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Your friend is looking to purchase a house. He has picked out the house, but will need to borrow $300,000 in order to complete the

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Your friend is looking to purchase a house. He has picked out the house, but will need to borrow $300,000 in order to complete the purchase. He has asked you for help in navigating the different loan options. 2. What would be the monthly payment on a 15-year fixed rate loan with an interest rate of2.625%? a

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