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Finance Assignment | Professional Writing

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May 27th, 2020

You are thinking of purchasing a house. The house costs $400,000. You have $57,000 in cash that you can use as a down payment on the​ house, but you need to borrow the rest of the purchase price.

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Finance Assignment | Professional Writing
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Homework For You

The bank is offering a 30​-year mortgage that requires annual payments and has an interest rate of 5% per year. What will be your annual payment if you sign this​ mortgage?

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