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HELP MEEE! Drake is purchasing a home for $249,000. He makes a 30% down payment and obtains a 25-year fixed rate mortgage loan at 5% annual interest. His monthly payments are $1,018.94. He pays an intangible tax of 0.4%. Which of the following is the total cost of principal, interest, down payment, and intangible tax? $381,378.00 $381,079.20 $305,682.00 $306,379.20
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