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Mathematics, 02.10.2021 01:00 abdominguez8077

Lateefah and Eric Lewis have obtained a mortgage loan at a 5.5% annual interest rate for 25 years. The home's selling price is $175,000,
and they need a 20% down payment. The bank will allow them to
finance the closing costs as part of the mortgage. What is the actual
amount they financed with the mortgage?

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Lateefah and Eric Lewis have obtained a mortgage loan at a 5.5% annual interest rate for 25 years....

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