Question: Word Problem 1 5 - 9 ( Algo ) [ LU 1 5 - 1 ( 3 ) ] CNBC . com reported mortgage applications

Word Problem 15-9(Algo)[LU 15-1(3)]
CNBC.com reported mortgage applications increased 9.9% due to a decrease in the rate on 30-year fixed-rate mortgages. Joe Sisneros wants to purchase a vacation home for $330,000 with 20% down. Calculate his monthly payment for a 15-year mortgage at 7.0%. Calculate total interest. (Use Table 15.1.)
Note: Round your intermediate calculations and final answers to the nearest cent.
\table[[Monthly payment,],[Tolal interest,]]
Word Problem 1 5 - 9 ( Algo ) [ LU 1 5 - 1 ( 3 )

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