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August 3, 2015

Homework Help: math

Posted by Anonymous on Thursday, September 8, 2011 at 11:24am.

Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 20% down. Assume that the monthly cost to finance $1,000 is $6.00. What are the monthly payments?

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