Mathematics, 13.07.2019 18:20 stressedmolly632
Mr. smith is purchasing a $ 1 house. the down payment is 20 % of the price of the house. he is given the choice of two mortgages:
a) a 30-year mortgage at a rate of 7 %.
find: (i) the monthly payment: $ (ii) the total amount of interest paid: $
b) a 15-year mortgage at a rate of 7 %.
find: (i) the monthly payment: $ (ii) the total amount of interest paid: $
Answers: 1
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Mr. smith is purchasing a $ 1 house. the down payment is 20 % of the price of the house. he is given...
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