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Mathematics, 29.04.2021 01:30 hemaam8

You want to buy a $242,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan for the rest.
a) How much is the loan amount going to be?
b) What will your monthly payments be if the interest rate is 6%?
c) What will your monthly payments be if the interest rate is 7%?

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