Use the following amortization chart: Selling price of home $ 99,000 Down payment $ 5,000 Principal...
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Use the following amortization chart: Selling price of home $ 99,000 Down payment $ 5,000 Principal (loan) $ 94,000 Rate of interest Payment per Years 5.5% 30 $ 5.6779 What is the total cost of interest? $1,000 Monthly mortgage payment $ 533.72 Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar. Total cost of interest Use the following amortization chart: Selling price of home $ 99,000 Down payment $ 5,000 Principal (loan) $ 94,000 Rate of interest Payment per Years 5.5% 30 $ 5.6779 What is the total cost of interest? $1,000 Monthly mortgage payment $ 533.72 Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar. Total cost of interest
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