Marcus in purchasing a home for $210,000. He is making a 20% down payment and financing the
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Question:
Marcus in purchasing a home for $210,000. He is making a 20% down payment and financing the rest. He can get a 20-year mortgage at 6.49% interest. A. What amount is Marcus borrowing? B. What is the monthly payment amount? C. How much interest will be paid over the life of a loan?
Expert Answer:
A To determine the amount Marcus is borrowing we need to subtract his down payment from the total pu... View the full answer
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