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    Exam 15: The Cost of Home Ownership
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    With a Selling Price $95,000, a Down Payment of $20,000
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With a Selling Price $95,000, a Down Payment of $20,000

Question 81

Question 81

Short Answer

With a selling price $95,000, a down payment of $20,000, and a mortgage rate of 10% for 30 years, calculate:
A. Principal
B. Payments per $1,000
C. Monthly mortgage payment

Correct Answer:

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A. $75,000...

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