You want to buy a $200000 home. You plan to pay 10% 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 interest rate 5%?
C. What will your monthly payments be if the interest rate is 6%?
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Home » Mathematics » You want to buy a $200000 home. You plan to pay 10% 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 interest rate 5%? C.