a. What is the monthly payment for a home loan of ($ 554,000) if the rate is
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a. What is the monthly payment for a home loan of \(\$ 554,000\) if the rate is \(4.75 \%\) and the time is 20 years?
b. If you paid a \(20 \%\) down payment, what is the price of the home?
c. What would you expect this home to be worth in 20 years if you assume an inflation rate of \(4 \%\) ?
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