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A woman buys a house for $330,000. She pays $30,000 down and takes out a mortgage at 6.6% on the balance. Find her monthly payment
A
woman
buys a house for
$330,000.
She
pays
$30,000
down and takes out a mortgage at
6.6%
on the balance. Find
her
monthly payment and the total amount of interest
she
will pay if the length of the mortgage is
(a) 15 years; (b) 20 years; (c) 25 years.
A woman buys a house for $330,000. She pays $30,000 down and takes out a mortgage at 6.6% on the balance. Find her monthly payment and the total amount of interest she will pay if the length of the mortgage is (a) 15 years; (b) 20 years; (c) 25 years. (a) For the 15 -year mortgage, the woman will make monthly payments of $ (Do not round until the final answer. Then round to the nearest cent.) The total amount of interest the woman will pay is $ (Do not round until the final answer. Then round to the nearest cent.) (b) For the 20-year mortgage, the woman will make monthly payments of $ (Do not round until the final answer. Then round to the nearest cent.) The total amount of interest the woman will pay is $ (Do not round until the final answer. Then round to the nearest cent.) (c) For the 25-year mortgage, the woman will make monthly payments of \$ (Do not round until the final answer. Then round to the nearest cent.) The total amount of interest the woman will pay is $ (Do not round until the final answer. Then round to the nearest cent.)
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