Question: study guide help Suppose you found the house that you have been looking for years! It comes with a price tag of $160,000. As luck


Suppose you found the house that you have been looking for years! It comes with a price tag of $160,000. As luck would have it, you also found a bank that is running special where they will finance your house 100% (with no down payment) with a 3% APR, 30 year loan. How much would be your monthly payment amount? (Round up your answer to two decimal point) Monthly payment: Fill out all the blank boxes below. Fill in the answer for every box and show how you got them (meaning, write the calculations to show how you got each of the answer). For example, if the answer for the "Applied to interest" for the 1st Month is " C " then show how you got to C. (i.e., A+B=C ). Month Beg Loan Bal Monthly Pmt Applied to Int App to Loan End Loan Bal 1 st Month: Month Beg Loan Bal Monthly Pmt Applied to Int App to Loan End Loan Bal 1st Month: 2nd Month: $ $ 3rd Month: $ Fill out all the blank boxes below. Fill in the answer for every box and show how you got them (meaning, write the calculations to show how you got each of the answer). For example, if the answer for the "Applied to interest" for the 1st Month is " C " then show how you got to C. (i.e., A+B=C ). Month BegLoan Bal Monthly Pmt Applied to Int App to Loan End Loan Bal 1st Month: $ 2nd Month: $ $
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