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With a Selling Price $88,000, a Down Payment of $24,000

Question 45

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With a selling price $88,000, a down payment of $24,000, and a mortgage at 13% for 30 years, calculate:
A. Principal
B. Payments per $1,000
C. Monthly mortgage payment

Correct Answer:

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A: $88,000 - $24,000 = $64,00...

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