Harrington Daniel
12/25/2023 · High School
a) How much is the loan amount going to be? the rest. as a down payment, and take out a 30 year loan for b) What will your monthly payments be if the interest rate is \( 6 \% \) ? c) What will your monthly payments be if the interest rate is \( 7 \% \) ? \( \$ \) Question Help: Video 1 Submit Question Video 2
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- Loan Amount: \( L = 240,000 \)
- Monthly Payment at 6%: \( \approx 1,439.74 \)
- Monthly Payment at 7%: \( \approx 1,596.24 \)
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