Pat Lavoie bought a home for $180,000 with a down payment of $10,000. Her rate of interest
Question:
Pat Lavoie bought a home for $180,000 with a down payment of $10,000. Her rate of interest is 6% for 30 years. Calculate her
(a) Monthly payment
(b) First payment, broken down into interest and principal; and
(c) Balance of mortgage at the end of the month.
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