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21.08.2019 •
Mathematics
Ahouse is selling for $190,000. a deposit of $10,000 was made when the sales contract was signed. the down payment is 25% and the balance will be financed with a 25-year mortgage at 9% and 3 discount points. if the sellers are responsible for the broker's commission (6% of the purchase price); $1,250 in other closing costs; and the existing mortgage, with a balance of $70,000; what proceeds will they receive on the sale of the property?
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