I want to buy a $195,000 house and plan to pay 20% as a down payment t and take a 3.8% APR loan for the rest. How much is the loan going to be, what will the monthly payment be if the length the loan is 10 years? what about 20 years? Over the course of the entire loan, how much more do I end up paying with the longer loan?

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A: Here,

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A: Honor code: Since you have posted a question with multiple sub-parts, we will solve the first three…

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Q: Suppose you want to purchase a home for $525,000 with a 30-year mortgage at 4.64% interest. Suppose…

A: given, price = $525000 n = 30 years r = 4.64% m = 12 down payment =30%

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Q: fford a $700 per m t. w big of a loan ca w much total mon w much of that mo

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Q: You want to buy a $194,000 home. You plan to pay 20% as a down payment, and take out a 3.3% APR loan…

A: We will only answer the first three subparts for the remaining subparts kindly resumit the whole…

Q: If you are considering the purchase of a consol that pays $60 per year forever, and the rate of…

A: PERPETUITY : IT IS ANNUITY WHICH IS PAID FOREVER. PV =ar where, a=annual payment r= rate