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1. How much is the down payment on a home priced at $175,000 if the lender requires that you
put 10% down?
2. How much will you pay if you decide to pay two points to lower your mortgage interest rate if
the amount financed is $150,000?
3. What is the maximum amount your mortgage payment should be if your gross monthly
income is $6,200?
4.What is the maximum amount your total monthly bills should be if your gross monthly
income is $5,500?
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