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A grocery store sells for $450,000 and a 34% down payment is made. A 25-year mortgage at 5% is obtained. Do not round intermediate calculations. Round your answers in (a)-(d) to two decimal places, if necessary. Use the formula below as needed. Part 1 of 4 (a) Find the down payment. The down payment is $ 153,000 Part: 1/4 Part 2 of 4 M= (b) Find the amount of the mortgage. The amount of the mortgage is $450,000 nt A grocery store sells for $450,000 and a 34% down payment is made. A 25-year mortgage at 5% is obtained. Do not round intermediate calculations. Round your answers in (a)-(d) to two decimal places, if necessary. Use the formula below as needed. Part 1 of 4 (a) Find the down payment. The down payment is $ 153,000 Part: 1/4 Part 2 of 4 M= (b) Find the amount of the mortgage. The amount of the mortgage is $450,000 nt
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Mortgage A mortgage is a kind of loan used to buy or keep up a house land or other piece ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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