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You are taking out a mortgage to buy a home. After the down payment, you...

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Basic Math

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You are taking out a mortgage to buy a home. After the down payment, you need to borrow $320, 000.If a bank offers you a loan at 5.34 % for 25 years, how much will your monthly payment be? How muchwill you pay in interest?Your monthly payment will be $ 3916.17 xdollarsYou will pay a total of $ 854851 x in interest

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