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Mathematics, 07.05.2021 21:50 mathwhiz9125

- Joy and John MacAllister have agreed to purchase a house for $79,900. First National Savings & Loan is willing to lend the money at 7.5 percent for
25 years, provided the MacAllisters can make a $19,900 down payment. The
total closing cost is 3.5 percent of the amount of the mortgage. What is their
total closing cost?

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