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    Exam 15: The Cost of Home Ownership
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    With a Selling Price of $125,000, a Down Payment of $20,000
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With a Selling Price of $125,000, a Down Payment of $20,000

Question 32

Question 32

Short Answer

With a selling price of $125,000, a down payment of $20,000, and a mortgage rate of 10% for 30 years, if the loan was for 25 years, what would be the difference in the total interest cost of the loan?

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