You plan to purchase a home for $140,000. You make a down payment of $32,000...
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You plan to purchase a home for $140,000. You make a down payment of $32,000 and take a loan for the other $108,000. Interest is accrued monthly and your payment is also monthly. The interest charged is .25% monthly (Typically worded 3% annually with monthly payments) How much is your monthly payment if the loan is for 20 years? How much is your payment if the loan is for 30 years?
You plan to purchase a home for $140,000. You make a down payment of $32,000 and take a loan for the other $108,000. Interest is accrued monthly and your payment is also monthly. The interest charged is 25% monthly (Typically worded 3% amually with monthly payments) How much is your monthly payment if the loan is for 20 years? How much is your payment if the loan is for 30 years
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