Question: Objective: find the indicated amounts using fixed-rate Part 2 of 8 mortgages. Return to homework Level 1 Let's review a concept needed to answer your

Objective: find the indicated amounts using
Objective: find the indicated amounts using fixed-rate Part 2 of 8 mortgages. Return to homework Level 1 Let's review a concept needed to answer your homework question Find the indicated amounts for the fixed-rate mortgages Purchase price of Down Mortgage Interest Monthly Total Years Mortgage Interest home payment amount rate payment paid for per $1,000 payment paid mortgage $99,000 $7,000 6.00% 25 FffClick the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed First find the amount to be financed by subtracting the down payment from the purchase price Amount to be financed = $99,000 -$7,000 = $ 92 000 (Type an integer or a decimal) The next value in the table to find is the monthly payment per $1,000. That requires using the table that can be viewed by clicking on the icon in the top window Use the given amounts for the interest rate and the mainbars of years in order to find the correct value. The monthly payment per $1,000 is $ 92.000]

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