Question: Given the maximum mortgage qualification amount determined in Question 23, calculate a 20% down payment. If closing costs average 5% of the cost of the

Given the maximum mortgage qualification amount determined in Question 23, calculate a 20% down payment. If closing costs average 5% of the cost of the house, how much will the Dumonts need on the day of closing? How does this compare with the $13,000 in the stock market index mutual fund account for their house down payment?

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