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Linda wants to buy a townhouse that costs 75 000 The bank requires a 20...

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Algebra

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Linda wants to buy a townhouse that costs 75 000 The bank requires a 20 down payment The rest is financed with a 15 year fixed rate mortgage at 8 5 annual interest with monthly payments Complete the parts below Do not round any intermediate computations Round your final answers to the nearest cent if necessary If necessary refer to the list of financial formulas a Find the required down payment 0 b Find the amount of the mortgage c Find the monthly payment 0 X

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