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Suppose you borrow 260,000 by taking out a 15 year fixed rate mortgage with a...

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Finance

Suppose you borrow 260,000 by taking out a 15 year fixed rate mortgage with a monthly payment of 2,148.77 you made a down payment of 47900

1

Calculate the total cost of the home including the down payment round your answer to the nearest cent

2

Calculate the total cost of the home including the down payment assuming instead a 30 year fixed mortgage with a monthly payment of 1,402.92 and a down payment of 47,900 round your answer to the nearest cent

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