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What actual amount did they finance with the mortgage

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Question - Wager Bank approved a loan for Macy and Kevin at a 7.5% annual interest rate for 15 years. The home has a $100,000 selling price. They need a 10% down payment. Wager Bank will allow them to finance the closing costs as part of the mortgage. Use the Table from Closing Costs Assignment Problem Explanation to find the total closing costs. What actual amount did they finance with the mortgage?

Reference no: EM133106683

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