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Asking Price: $285,000-will pay asking price Real Estate Taxes: 1990.53 30-YearFixedInterestRate:30YearFixed3.47% Question: . Compute the down payment, amount financed, and the monthly mortgage payment (showing
- Asking Price: $285,000-will pay asking price
- Real Estate Taxes: 1990.53
- 30-YearFixedInterestRate:30YearFixed3.47%
Question:
. Compute the down payment, amount financed, and the monthly mortgage
payment (showing how to use the appropriate financial formula).
Down Payment: $57,000Amount Financed: $228,000
285,000 57,000 = 271,920
Monthly Mortgage Payment: (I need help computing the monthly payment and formula)
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