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1. You are considering purchasing a house for $225,000. Do athree-month loan amortization and calculate the total financecharge. Assume a 20 % down payment.Do a three-month loan amortization table on a 20 year loan at a5.25% rate with one point paid.Beginning Bal. Payment Principal Interest Ending Bal.2. Calculate the total finance charge for this loan.https://www.chegg.com/homework-help/questions-and-answers/1-considering-purchasing-house-225-000-three-month-loan-amortization-calculate-total-finan-q37729008?trackid=wHz9fH7WIf possible, please answer and I will rate!
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