Question
A couple has just purchased a home for $406,500.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has
A couple has just purchased a home for $406,500.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 3.48% APR with monthly compounding. The mortgage has a term of 30 years.
What is the size of the loan taken out by the couple?
Answer format: Currency: Round to: 2 decimal places.
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Mein Ultimativer Weihnachts Planer
Authors: Zizo Nimane
1st Edition
B0CM2J8GTG
