You have found your dream home, which is listed for $284,000. You put 20% of the...
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You have found your dream home, which is listed for $284,000. You put 20% of the price of the home as a down payment, and take out a loan for the remaining cost. The bank offers you a 30-year fixed loan with a 4.2% APR compounded monthly. Round all answers to the nearest cent as needed. Calculate the total interest paid over the life of the loan if only the minimum monthly payment is made. You have found your dream home, which is listed for $284,000. You put 20% of the price of the home as a down payment, and take out a loan for the remaining cost. The bank offers you a 30-year fixed loan with a 4.2% APR compounded monthly. Round all answers to the nearest cent as needed. Calculate the total interest paid over the life of the loan if only the minimum monthly payment is made.
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The total cost of the house after the down payment is 284000 08 227200 The number o... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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