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Problem A: If you were to buy a home for $178,500 i= 3% ; n=30...

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Accounting

Problem A:

If you were to buy a home for $178,500 i= 3% ; n=30 years. Assume you qualified for a 5% down payment and your needed to pay mortgage insurance of $1,500/year

How much would your mortgage payment be per year and per month including Insurance.

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