Kosumi and Latasha want to buy a $167,000 home. They plan to pay 15% as a...
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Kosumi and Latasha want to buy a $167,000 home. They plan to pay 15% as a down payment, and take out a 30 year loan at 5.5% interest for the balance. a) How much is the loan amount going to be? b) What will the monthly payment be for Kosumi and Lloyd? S c) How much of the first payment is interest? $ d) What is the total of the payments? e) How much interest was paid? R Kosumi and Latasha want to buy a $167,000 home. They plan to pay 15% as a down payment, and take out a 30 year loan at 5.5% interest for the balance. a) How much is the loan amount going to be? b) What will the monthly payment be for Kosumi and Lloyd? S c) How much of the first payment is interest? $ d) What is the total of the payments? e) How much interest was paid? R
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