Luis bought a house for $370,000. He put $70,000 down and then financed the rest at 6.3%

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Luis bought a house for $370,000. He put $70,000 down and then financed the rest at 6.3% interest compounded monthly for 25 years.

(a) Calculate his monthly payment.

(b) Calculate the total amount he pays for the house.

(c) Calculate the total amount of interest he pays.

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Finite Mathematics And Its Applications

ISBN: 9780137616619

13th Edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel , Jill Simmons

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Question Posted: Jan 30, 2023 07:43 AM

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Luis bought a house for $370,000. He put $70,000 down and then financed the rest at 6.3%

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Finite Mathematics And Its Applications

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