Question: 1. Computing Loan Balance with Traditional Financing (9 pts total) Sandy wants to purchase a $700,000 house with a 80% loan-to-value, 7.5% fully amortized, 30

1. Computing Loan Balance with Traditional Financing (9 pts total) Sandy wants to purchase a $700,000 house with a 80% loan-to-value, 7.5% fully amortized, 30 year, mortgage. A. How much will Sandy have to pay for a down payment? (2 pts)

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