Question: please answer all parts and show work so i can understand thank you so much i will for sure upvote You purchased a new house
please answer all parts and show work so i can understand thank you so much i will for sure upvote
You purchased a new house for $450,000 and financed the purchase with a $400,000 mortgage, payable monthly over 15 years at a yearly rate of 7.0%. A. How much are your monthly payments, assuming you made your first payment at the end of the first month? (4 pts) B. How much do you owe on this house after making 10 years of monthly payments? (6 pts)
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