Question: Bob borrows $ 4 5 0 , 0 0 0 to purchase a house. The annual interest rate on this loan is 6 . 7

Bob borrows $450,000 to purchase a house. The annual interest rate on this loan is 6.75% and the term of the loan is 25 years.
Bob borrows $ 4 5 0 , 0 0 0 to purchase a house.

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