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What will your annual payments be

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You are thinking of purchasing a house, the house cost $300,000., you have $43,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30 year mortgage that requires annual payments that has an interest rate of 5% per year. What will your annual payments be?

Reference no: EM131891114

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