Question: I need the formula. A Moving to another question will save this response. Question 1 of 33 > >> Question 1 3 points Save Answer

I need the formula. A Moving to another question will save I need the formula.

A Moving to another question will save this response. Question 1 of 33 > >> Question 1 3 points Save Answer A homebuyer bought a house for $245,000. The buyer paid 20 percent down but decided to finance closing costs of 4 percent of the mortgage amount. If the borrower took out a 30-year fixed-rate mortgage at a 5 percent annual interest rate, The closing cost is 7840 a. $1,900 b. $9,009 C. $1,220 d $5,666 e. $987 f. $3.500 g $7,840 how much interest will the borrower pay over the life of the mortgage? 190093 a. $190,000 b. $190,093 C. $190,220 d $195,666 e. $230,987 f. $350,009 $278,993 Fill in the formula/inputs A Moving to another question will save this response. Question 1 of 33 > >>

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