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What will your monthly payments

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Reference no: EM133481352

You want to buy a $237,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan for the rest.

1. How much is the loan amount going to be?

2. What will your monthly payments be if the interest rate is 6%?

3. What will your monthly payments be if the interest rate is 7%?

Reference no: EM133481352

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