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4 . Jack and Jill have found a hill they would like to buy. They can buy the hill for $ 2 2 9 0

4. Jack and Jill have found a hill they would like to buy. They can buy the hill for $229000. In talking with the bank, they have been offered a mortgage for 85% of the cost (meaning they need a 15% down payment) at 6.2% compounded monthly, with regular weekly payments for 15 years.
a) How much will the down payment be?
b) How much will the principal of the mortgage be?
c) What will the weekly payment amount be?
d) How much interest will they pay in all?
e) How long will it take before they have paid off half the loan?

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