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Say that you purchase a house for $270,000 by getting a mortgage for $235,000 and paying a $35,000 down payment. If you get a 15-year mortgage with a 8 percent interest rate, what are the monthly payments?

  • Finance - ,

    assume a bank loan requires an interest payment of $85 per year ans a principal
    payment of $1000 at the end of the loan eighty year life.

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