Question: Please be clear and simple with your response. Section 6.4: Present Value of Annuity / Loans Score: 0/12 0/12 answered Done 6 VO Question 8

Please be clear and simple with your response.

Section 6.4: Present Value of Annuity / Loans Score: 0/12 0/12 answered Done 6 VO Question 8 > B0/1 pt 100 Details You want to buy a $166,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan at 6.35% interest for the rest. a) How much is the loan amount going to be? $ b) What will your monthly payments be? $ c) How much of the first payment is interest? $ Question Help: D Video Submit

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