Question
1. A couple has just purchased a home for $319,100.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker
1. A couple has just purchased a home for $319,100.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 3.60% APR with monthly compounding. The mortgage has a term of 30 years. What is the size of the loan taken out by the couple?
2. A couple has just purchased a home for $319,100.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 3.60% APR with monthly compounding. The mortgage has a term of 30 years. What is the monthly payment on the loan?
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Million Air Exclusive Strategies For Pilots To Build Significant Wealth
Authors: Andy Garrison
1st Edition
1541383095, 978-1541383098
