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What will monthly payment be if interest rate is six percent

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Reference no: EM132817129

You want to buy a $210,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest.

Problem a) How much is the loan amount going to be?

Problem b) What will your monthly payments be if the interest rate is 5%?

Problem c) What will your monthly payments be if the interest rate is 6%?

Reference no: EM132817129

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