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You are purchasing a house for $280,000. You can finance the house for 20 years at 6.5% interest. (Assume a 20% down payment)You are purchasing a house for $280,000. You can finance the house for 20 years at 6.5% interest. (Assume a 20% down payment)You are purchasing a house for $280,000. You can finance the house for 20 years at 6.5% interest. (Assume a 20% down payment)

How much will your monthly payment be? (format answer as XXXX.XX)

What will the total finance charge be? (format answer as XXXXXX.XX)

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Financial Management, Finance

Category:- Financial Management
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