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Mathematics, 13.12.2021 01:40 heroxtree

You plan to purchase a new home in the amount of $165,500. You are required to make a 20% down payment in cash. The bank agrees to give you a 30-year, fixed interest rate of 4.6% for the amount of the mortgage loan. Identify the amount you must borrow from the bank.

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You plan to purchase a new home in the amount of $165,500. You are required to make a 20% down payme...
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