Question
a homeowner bought a house for $300,000. he has $50,000 cash for down payment. he can get loan package with a $220,000 loan for 8%
a homeowner bought a house for $300,000. he has $50,000 cash for down payment. he can get loan package with a $220,000 loan for 8% and a second mortgage of $30,000 loan for 12%, both loan are for 20 year. all loans require monthly payments and are fully amortizing what is the total monthly payment?
answer choices $2319.11
$2267.53
$2170.49
$2019.56
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Business Analytics Communicating With Numbers
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
1st Edition
9781260785005
