Question: CNBC,com reported mortgage applications increased 9.9% due to a decrease in the rate on 30 -year fixed-rate mortgages Joe Sisneros wants to purchase a vacation

CNBC,com reported mortgage applications increased 9.9% due to a decrease in the rate on 30 -year fixed-rate mortgages Joe Sisneros wants to purchase a vacation home for $285,000 with 20% down. Calculate his monthly payment for a 20 -year mortgage at 6.0%. Calculate total interest. (Use Iable 151) Note: Round your intermediate calculations ond final answers to the nearest cent

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