Question: CNBC.com reported mortgage applications increased 9.9% due to a decrease in the rate on 30 year fixed rate mortgages to 4,03% Dennis Natali wants to

CNBC.com reported mortgage applications increased 9.9% due to a decrease in the rate on 30 year fixed rate mortgages to 4,03% Dennis Natali wants to purchase a vacation home for $370,000 with 20% down. Calculate his monthly payment for a 25 year mortgage at 5.0% Calculate total interest (Use Table 15.1) (Do not round Intermediate calculations. Round your final answers to the nearest cent.) Monthly payment Total interest

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