3. You plan to pay 20% of the price of your home as a down payment and finance the rest of the cost. How much will you finance? Show work 4. Now assuming that a bank offers you a 30-year loan at 5.3% compounded monthly to pay the balance of your loan, what monthly payments would you have in order to own the house after 30 years? N= 1%= PV= PMT= FV= P/Y= C/Y= 5. After paying on the loan for 10 years, you decide to refinance. How much do you still owe after 10 years
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