FOM12 - Claremont Secondary School
Sally Jacobs wishes to buy a house selling for $250,000. Her credit union requires her to make a 15% down payment. The current mortgage rate is 4.5%. Determine the amount of the required down payment. Determine the monthly mortgage payment for a 15-year loan with a 15% down payment. Martha Cutler is buying a house selling for $195,000. ................
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