You want to buy a $183,000 home. You plan to pay 15% as a down
payment, and take out a 30 year loan for the rest.
a) How much is the loan amount going to be?
$
b) What will your monthly payments be if the annual interest rate
is 6%?
$
c) What will your monthly payments be if the annual interest rate
is 7%?
$
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