Question: last time I requested this problems solution, the returned answer was incorrect. please be careful when solving this. Final: Problem 4 Previous Problem Problem List

last time I requested this problems solution, the returned answer was incorrect. please be careful when solving this.

last time I requested this problems solution, the returned answer was incorrect.

Final: Problem 4 Previous Problem Problem List Next Problem (3 points) Mr. Smith is purchasing a $200000 house. The down payment is 20% of the price of the house. He is given the choice of two mortgages a) a 25-year mortgage at a rate of 8%. Find (1) the monthly payment: $ 576 (1) the total amount of interest paid: $ 12800 b) a 15-year mortgage at a rate of 8 % Find (i) The monthly payment: $ 1223.26 (i) the total amount of interest paid: $ 92187.57 Note: You can earn partial credit on this problem Preview My Answers Submit Answers You have attenter this enham 13 times You have a nd left herren r einn will he reregler

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