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  3. the price of a home is $138,000. the bank requires

The price of a home is $138,000. The bank requires a 20% down payment and...

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Accounting

The price of a home is $138,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30-year fixed-rate mortgage at 7 7%.

a.Find the required down payment

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