1 Answered Questions for the topic Mortgage Math Problem
06/01/16
The price of a home is $420,000. Bank requires a 10% down payment. The rest is financed with a 25-year fixed-rate mortgage at 6.5%
A.Find required down payment.
b. Find the amount of the mortgage. c. Find the monthly payment. d. Find the total interest paid over 25 years.
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