1. Bronson is Going to buy a 328,400 house. He has 22,000 to use as a down payment. The interest rate is 6.6% compounded monthly. Bronson goes to the bank and is approved for 30-year mortgage, with monthly payments. At the end of 15 years, Bronson is going to sell the house and move to the BC coast. He will use the proceeds from selling the house to pay off the remainder of his mortgage. The house appreciates, on average at a rate of 1.8% each year.

What is Bronson's total cost, after selling the house?

3. Bronson is going to buy a $328,400 house. He has $22,000 to use as a down payment. The interest rate is 6.6%, compounded monthly. Bronson goes to the bank and is approved for a 30-year mortgage, with monthly payments. At the end of 15 years, Bronson is going to sell the house and move to the B.C. coast. He will use the proceeds from selling the house to pay off the remainder of his mortgage. The house appreciates, on average, at a rate of 1.8% each year. (10) What is Bronson's total cost, after selling the house