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OpenStudy (anonymous):
The Chavara family buys a house for $225,000. They pay $50,000 down and take out a 30 year mortgage on the balance. Find their monthly payment and the total amount of interest they will pay if the interest rate is a: 6% b: 6.5% c: 7%
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OpenStudy (tkhunny):
1) 225000 - 50000 = 175000 = The Amount Financed. Now what?
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