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# Mathematics

This week you will complete your first course activity, a journal worksheet regarding purchasing a new home. Below are the specifics of the loan you will acquire for your property:

Down Payment Required (List %):

15%

Number of Points at Closing

2 points

Mortgage Time Frame for Loan:

30 years

Interest Rate (List %):

7%

Annual Homeowner’s Insurance Amount:

\$1500

Annual Property Taxes Amount:

\$3000

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