Question: On a $ 4 7 5 , 0 0 0 home, on a 1 5 - year fixed mortgage, with an interest rate of 4

On a $475,000 home, on a 15- year fixed mortgage, with an interest rate of 4.86, find:
a. The down payment amount (15%)b. Amount borrowed from bank (price of home - down payment)
c. The monthly payment
d. Total paid back to bank (principal + interest)

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