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Miriam and Dave Want to Borrow $25,000 to Put an Addition

Question 33

Essay

Miriam and Dave want to borrow $25,000 to put an addition on their house.They went over their budget,and they can afford to pay $450 a month.If the bank offers them a home improvement loan with an APR of 6.3%,what should the length of the loan be so they can afford the monthly payments?

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The length...

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