Mathematics, 17.02.2021 04:40 crybaby222psyc
10. The banking and lending industry is one of the most profitable industries in the world for the lender, not the borrower. If you buy a home and take out a 30-year home mortgage loan for $500,000 at an APR of 4.5% , your monthly acipal + intere payment will be \$2,533 , every month for 30 years , or until you sell your home.
a. Assuming you stay in your home for 30 years, how much total money will you have paid the bank in 30 years ? (Seckon 8.3 ) (1 point )
b. How much of the total money paid in part (a) was interest to the bank/ lender-money you never see again? (Section 8.3) (1 point)
Answers: 2
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Prove that 3: 8 is equivalent to 12: 32.a. use diagrams to support your answer.
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Afurniture store has 1,500 chairs in storage. a manager uses three delivery receipts to simulate samples to check 100 chairs and note the number of brown chairs. suppose the actual number of brown chairs is 1,080. about how many brown chairs are
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10. The banking and lending industry is one of the most profitable industries in the world for the l...
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