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alexandr402 [8]
3 years ago
15

Nick’s parents purchased their first home in the 1980’s with a 30-year mortgage at 19.5%.

Mathematics
1 answer:
siniylev [52]3 years ago
7 0

<span>$ 2037.40 </span>

<span>Interesting that there was no down payment..........The staggering monthly payment above would be enough to pay off the total mortgage in just over 5 years. Nick's parents would be much better off to save their money for a few years.</span>
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