Question: please show work without using excel 2) You are thinking about buying a house. The house cost $250,000; you have $25,000 that you can use
2) You are thinking about buying a house. The house cost $250,000; you have $25,000 that you can use as a down payment, but you must borrow the rest ($225,000). The bank offers you a 30-year mortgage for $225,000 at an annual interest rate of 6%. If the mortgage payments are annual, what is your annual mortgage payment
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