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Your friends are purchasing a house for $132,000. If they put 10% down, how much will they be borrowing for their mortgage? 2 points The
Your friends are purchasing a house for $132,000. If they put 10% down, how much will they be borrowing for their mortgage? 2 points The bank agreed to an APR of 4.25% for a 20 year mortgage. According to Excel, the monthly mortgage payment would be $735.65. If your friends accept this loan, how much will they pay in total over the lifetime of the loan? 2 points How much would be paid on interest over the life of the loan? 2 points
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