QUESTION 4 Suppose you are buying a house that costs $250,000. You obtain a conventional,...
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QUESTION 4 Suppose you are buying a house that costs $250,000. You obtain a conventional, fixed rate loan at 4% per year that requires 20% down. You take this mortgage for 30 years. What is your monthly payment? (Hint: use the Excel file) $1,193.54 $954.83 $850.72 $736.99 7 poin QUESTION 5 Suppose you are buying a house that costs $250,000. You obtain a conventional, fixed rate loan that requires 20% down. You take this mortgage for 30 years. Suppose the interest rate is 7%, what is your monthly payment? (Hint: use the Excel file) A $1,330.60 B. $1233.67 $1,150.72 D. 5736.99
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