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20-09-2022
Mathematics

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The Saavedras purchased a home for $220,000 by making a 15% down payment
and borrowing the rest at 4.2% interest compounded monthly for 20 years. This
made their monthly payment $1152.99. The table below represents the first row
of an amortization table for the first period of the loan.

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The Saavedras purchased a home for 220000 by making a 15 down payment and borrowing the rest at 42 interest compounded monthly for 20 years This made their mont class=

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