Question: athematic for Business *** Unit 4 $ Problem Set 4 Suppose you want to buy a $143,000 home. You found a bank that offers

athematic for Business *** Unit 4 $ Problem Set 4 Suppose you want to buy a $143,000 home. You found a bank that offers a 30-year loan at 7.1% APR. What will be your monthly payment? (Round to the nearest cent.) Due Tue 05/05/2020 11:59 p How much would you end up paying the bank for the home after 30 years? (Round to the nearest cent.) Suppose you wanted to reduce the time of your loan to 25 years. What would be your new monthly payment? (Round to the nearest cent.) Points possible: 1 How much would you end up paying the bank for the home after 25 years? (Round to the nearest cent.) $ How much did you save by reducing the time of your mortgage loan? (Round to the nearest cent.) $ Get help: Video License

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Answer 1 The monthly payment on a 143000 home loan at 71 APR over 30 years would be 96245 After ... View full answer

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