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Anna is buying a house selling for $185,000. She will be required to make a 10% down payment. Then she will obtain a 30-year mortgage
Anna is buying a house selling for $185,000. She will be required to make a 10% down payment. Then she will obtain a 30-year mortgage for the rest of what she owes. a) Determine the amount of the mortgage. (Hint subtract the down payment amount from the selling price) b) Anna's monthly mortgage payment is $893,81. What will be the total she pays for mortgage payments duting the 30 years? c) What is the total amount of interest Anna will pay to purchase the house
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