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Claudia is deciding whether to accept a proposal for a permanent mortgage on a home that she is purchasing. She has just finished building a
Claudia is deciding whether to accept a proposal for a permanent mortgage on a home that she is purchasing. She has just finished building a home with a construction loan. The construction on terms were for nine months are interest for $180,000. The banks mortgage lending department has given tout commitment for a permanent mortgage of 6.5 interest for 30 years after the construction period. Unswer the following questions based upon the previous information Show your work and equations for partial credit) Let's aume Claudia pays the interest payment from her construction loan, but she does nor quality for the new permanent morape. What is her balioan payment if the bank offers her a three year note amortired over 20 years interest on the original loan amount of $180,000? TTT Arta 1 312 + TEE Claudia is deciding whether to accept a proposal for a permanent mortgage on a home that she is purchasing. She has just finished building a home with a construction loan. The construction on terms were for nine months are interest for $180,000. The banks mortgage lending department has given tout commitment for a permanent mortgage of 6.5 interest for 30 years after the construction period. Unswer the following questions based upon the previous information Show your work and equations for partial credit) Let's aume Claudia pays the interest payment from her construction loan, but she does nor quality for the new permanent morape. What is her balioan payment if the bank offers her a three year note amortired over 20 years interest on the original loan amount of $180,000? TTT Arta 1 312 + TEE
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