Alea would like to buy a $150,000 home. She plans to pay 16% as a down payment and will take out a 35 year loan for the rest. a. How much will Alea pay for the down payment? Answer: Work: b. What will Alea's loan amount be? Answer: Work: c. What is Alea's monthly payment (to the nearest cent) if the interest rate is 8.5%? Answer: Work: For Blank 5

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