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Chapter 10
Your Own Home
You Will Know
Renting
Owning a Home
Characteristics of Government Programs
Patricia's Savings
Components of a Mortgage Payment
The Four Cs
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Patricia's Mortgage
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10
Patricia's Savings
Patricia saved $50 a
month for 30 months
$1,500
Matched amount
$1,500 x 3
$4,500
Total savings in IDA
$1,500 + $4,500
$6,000
Patricia's previous savings
$600
Patricia's total savings
$6,600
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