Question: HW20: Problem 6 Previous Problem Problem List Next Problem (1 point) Filteen years ago a couple purchased a house for $180,000.00 by paying a 20%
HW20: Problem 6 Previous Problem Problem List Next Problem (1 point) Filteen years ago a couple purchased a house for $180,000.00 by paying a 20% down payment and financing the remaining balance with a 30- year mortgage at 7.34% compounded monthly. (a) Find the monthly payment for this loan Monthly Payment: (Note: Your answer should include a dollar sign and be accurate to two decimal places) (b) Find the balance of the loan after 14 years and after 15 years? Let u be how many payments are left on the loan After 14 years After 15 years Loan Balance Loan Balance: (Note: The balance amounts should include a dollar sign and be accurate to two decimal places) le) Find the total amount of interet paid by the couple during the 15th your Interest Paid During 15th year Note: Your answer should include a dollar nion and be accurate to two decimal placea) Note: You can earn partid credit on this problem Preview My Answers Submit Answers You have attempted this problem 0 times You have unlimited attempts remaining
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