Select a property that will serve as a primary residence. Explain your reasoning for selecting this property-
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amount of interest paid over the life of the loan. Explain your chose of mortgage products. 4. Calculate your total monthly carrying costs of the property (principal, interest, insurance and taxes) 5. Calculate your ratios. First calculate the percentage your monthly mortgage payment represents of your monthly gross income (<= 25%). In addition, calculate the percentage your total monthly carrying costs (<=36%)
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Physics for Scientists and Engineers A Strategic Approach with Modern Physics
ISBN: 978-0133942651
4th edition
Authors: Randall D. Knight
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