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OpenStudy (anonymous):
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OpenStudy (anonymous):
Walker is buying a house for $225,000. He is financing $195,000 and obtained a 30-year, fixed-rate mortgage with a 6.625% interest rate. How much are his monthly payments? The principal is 195,000 right?
OpenStudy (anonymous):
that is all I need to know. I have the answer. But I wanna make sure that 195,000 is the principal
OpenStudy (anonymous):
195 for the principal, coreect--that's all he is borrowing
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