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Business, 19.02.2021 03:50 guzmangisselle

g You are going to buy a home and want to compare the difference between the monthly payments and the total cost of a 15-year and 30-year fixed rate mortgage. You are borrowing a principal of $150,000 to add to your $15,000 down payment (Total cost of the house is $165,000). You have secured an interest rate of 3.2%. The monthly payment (M) is given by:

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