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Alice Roa Is Concerned About the Financing of a Home

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Alice Roa is concerned about the financing of a home. She saw a home selling for $120,000. If she puts 10% down, find her monthly payment and total cost of interest over the cost of the loan given each assumption:
A. 30 years 8%
B. 30 years 9%
C. 30 years 10%
D. 30 years 11%

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A. $120,000 × .90 = $108,000; $108,000 ...

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