Question: A house sells for $252,000 and a 5% down payment is made. A 30-year mortgage at 7.5% was obtained. (i) Find the down payment. (ii)

A house sells for $252,000 and a 5% down payment is made. A 30-year mortgage at 7.5% was obtained.

(i) Find the down payment. (ii) Find the amount of the mortgage (iii) Find the monthly payment. (iv) Find the total interest paid.

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