Question: 25 TERM6 Objective: find the indicated amounts using fixed-rate mortgages. Level 1 Let's review a concept needed to answer your homework questic Find the indicated

25 TERM6 Objective: find the indicated amounts
25 TERM6 Objective: find the indicated amounts using fixed-rate mortgages. Level 1 Let's review a concept needed to answer your homework questic Find the indicated amounts for the fixed-rate mortgages Purchase price of Down Mortgage Interest Monthly Mortgage Total Interest home payment amount rate Years payment per $1,000 Payment paid for mortgage paid $200,000 $0 4.50% 30 Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. 200 (Type an integer or a decimal.) To find the monthly mortgage payment, multiply the table value by the number of $1,000 units Monthly mortgage payment = ($5.07)(200) = $ 1014 (Type an integer or a decimal.) To find the total mortgage payment, first determine the number of months. The number of months is (Type a whole number)

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