Question: zoom if needed, please. Missing the last question, the system says I have it wrong Sharon Fox decided to buy a home in Marblehead, Massachusetts,

zoom if needed, please. Missing the last question, the system says I have it wrong

zoom if needed, please. Missing the last question, the system says I

Sharon Fox decided to buy a home in Marblehead, Massachusetts, for $287,000. Her bank requires a 30% down payment. Sue Willis, an attorney, has notified Sharon that besides the 30% down payment there will be the following additional costs: (Use Table 15.1.). Recording of the deed A credit and appraisal report Preparation of appropriate documents $42.00 167.00 60.00 Other closing expenses include a transfer tax of 1.8% of the purchase price and a loan origination fee of 2.5% of the mortgage amount Assume a 30-year mortgage at a rate of 10.0% a. What is the initial amount of cash Sharon will need? (Do not round intermediate calculations. Round your answer to the nearest cent.) Initial amount $ 96557.50 b. What is her monthly payment? (Do not round intermediate calculations. Round your answer to the nearest cent.) Monthly payment $ 1763.90 c. What is the total cost of interest over the life of the mortgage? (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.) Total cost of interest

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