Question: 4 . You are considering purchasing a home with a price of $ 3 5 0 , 0 0 0 . You will make a

4. You are considering purchasing a home with a price of $350,000.You will make a 20% downpayment and finance the rest with a 30-year fixed rate mortgage with monthly payments.The current interest rate is 4%.What would be the monthly payments?
5. In Question #4, what would be the outstanding loan balance after 3 years (36 payments)?

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