Luis bought a house for $370,000. He put $70,000 down and then financed the rest at 6.3%
Question:
Luis bought a house for $370,000. He put $70,000 down and then financed the rest at 6.3% interest compounded monthly for 25 years.
(a) Calculate his monthly payment.
(b) Calculate the total amount he pays for the house.
(c) Calculate the total amount of interest he pays.
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Related Book For
Finite Mathematics And Its Applications
ISBN: 9780137616619
13th Edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel , Jill Simmons
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