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Use the information in the chart below on the line that corresponds to your assigned number, to answer the following questions. Be sure to show all the steps you took to reach your answers. 1. What will your monthly mortgage payment be? Do not round any intermediate computations, and round your answer to the nearest cent. 2. Assuming you take the full term of the mortgage, how much total interest will you have paid? Do not round any intermediate computations, and round your answer to the nearest cent. Assigned # 1 2 لا 4 5 6 Price of the House $300,000 $340,000 $360,000 $380,000 $400,000 $430,000 Mortgage Interest Rate 5.2% 5.4% 5.6% 5.8% 6.1% 6.3% Term of Mortgage 30 years 20 years 15 years 30 years 20 years 15 years
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Number 6 Price of the house 430000 Mortgage interest 6 3 D... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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