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Price of the Home Assignment | Homework For You

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May 25th, 2020

You are ready to purchase a home that has a price of $600,000. You will make a down payment of $100,000 and will finance the remainder with a 20-year loan. The stated rate on the loan is 8% annual with monthly payments.Homework For You

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  1. After living in this home for 10 years, you decided to sell the home and find that the sale price of the home will be $450,000. If you sell the home at this price, how much cash can you receive from the sale, ignoring the commissions?Get Finance homework help today

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