Danielle and Beverly bought a four-bedroom house in Tiverton to turn into a bed and breakfast....
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Danielle and Beverly bought a four-bedroom house in Tiverton to turn into a bed and breakfast. They got a mortgage for $405,000 to pay for the house. It's a 30-year mortgage at 3% interest. a. What are their monthly payments? b. Over the life of the loan, how much of their hard-earned money will go to the bank for interest? Danielle and Beverly bought a four-bedroom house in Tiverton to turn into a bed and breakfast. They got a mortgage for $405,000 to pay for the house. It's a 30-year mortgage at 3% interest. a. What are their monthly payments? b. Over the life of the loan, how much of their hard-earned money will go to the bank for interest?
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