Questions and Answers > John Champe High School- Aldie - FIN 101Module 8 Topic 4 (1)

Your friend is currently renting a home. He has heard that it is better to buy than rent and is thinking about buying ahouse. He only plans on keeping the house for 1 year. After that he will be moving out of state.• Current Rent - $700• Purchase Price of Home - $150,000• Percentage of Down Payment - 5%• Length of Loan Term (years) - 30• Interest Rate - 8.5%• Years You Plan to Stay in ...[Show More]

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