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FOR THE PAST 3 YEARS, YOU HAVE BEEN SAVING $20,000 OF YOUR SALARY EACH YEAR FOR A DOWN PAYMENT ON YOUR DREAM HOUSE. THE HOUSE IS LOCATED IN A NICE… – BUSINESS & FINANCE

For the past 3 years, you have been saving $20,000 of your salary each year for adown payment on your dream house. The house is located In a nice area and iscurrently listed at $325,000. J.P. Morgan chase bank is willing to give you a 30year loan with a fixed rate of...