Lateefah and Eric Lewis have obtained a mortgage loan at a 5.5% annual interest rate for 25

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Lateefah and Eric Lewis have obtained a mortgage loan at a 5.5% annual interest rate for 25 years. The home's selling price is $175,000, and they need a 20% down payment. The bank will allow them to finance the closing costs as part of the mortgage.

What is the actual amount they financed with the mortgage?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jun 13, 2023 12:05 AM

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Lateefah and Eric Lewis have obtained a mortgage loan at a 5.5% annual interest rate for 25

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