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2. Susan wants to buy a house for $200,000 US Bank will and Dacotah Bank will give her the loan at 3.8% for 30 PTS]
2. Susan wants to buy a house for $200,000 US Bank will and Dacotah Bank will give her the loan at 3.8% for 30 PTS] a. In. Which loan should she sign up for? Pick one, n After 5 years, Susan is approached by a philant interest free for an indenite period of time, pr uses the money to pay off some of her mortgag her to pay off her remaining mortgage}? [5 PTS) After another 1' years, a private bank offers to t month interest payment if she signs up with th Use this mortgage amount as the new principle multiplied by principle}. [5 PTS} {Bonus Question): Assume, there is a $1,000 on the previous part {c}. Does it make sense to mo PTS). e her the loan at 3.5% for 30 years if she puts 20% down rs if she puts 10% down. There are NO other options. [15 planation needed. What is her monthly payment? [5 PTS] pic group known as C.S.C. They offer to lend her $50,000 Ided she joins their group. Susan takes up the oer and What will be her new NPER {how many years will it take for over the remaining mortgage at 3% What will be her rst ? (To do this, nd the remaining mortgage after 12 years. irst month interest payment will be the monthly rate 'me processing fee for signing up with the private bank in the mortgage over to the private bank @ 3%? Explain. [5
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