You are planning to buy a house in New Jersey. You put a 20% down payment, and

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You are planning to buy a house in New Jersey. You put a 20% down payment, and 15-year mortgage rates are at 4.2% Price of the house is $400,000.

Part 1. Calculate the monthly payments.

Part 2. Calculate the 1st month interest payment.

Part 3. Calculate the 1st month principal payments

Round to 2 decimals. For all parts.

Posted Date: May 18, 2024 05:07 PM

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You are planning to buy a house in New Jersey. You put a 20% down payment, and

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