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What will be the total cost of the house

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Question 1 - Caitlin just finished negotiating a sales price of $39,000 for the car of their dreams. Their $4,000 old car will be traded in as a down payment. If they can get a loan for a 9% APR over 5 years, will be the total cost of this purchase?

Question 2 - Connor just used $28,000 as a down payment on a $251,000 house. If their 30-year loan has an interest rate of 4.9%, what will be the total cost of the house?

Reference no: EM133110743

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