Question: For this question there's no rounding in between calculations only the final answer can be rounded to the nearest cent. you bought a house worth
For this question there's no rounding in between calculations only the final answer can be rounded to the nearest cent.
you bought a house worth $321,000. You pay 25% of the purchase price in cash and arranged a 25 year mortgage with a rate of 5.5% compounded semiannually for the remaining balance. The mortgage has a amortization period of 25 years. how much interest will you pay in the first 10 years (assuming that the first payment is made at the end of the first month?)
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