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    You Need to Borrow $80,000 for a Down-Payment on a House
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You Need to Borrow $80,000 for a Down-Payment on a House

Question 5

Question 5

Short Answer

You need to borrow $80,000 for a down-payment on a house. You would like to pay the loan off in 15 years. With 9% interest on the loan, what will be your monthly payment?

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