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Felix is purchasing a brownstone townhouse for $2,200,000. To obtain the mortgago, Felix is required to make a 17% down payment. Felix obtains a 25-year

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Felix is purchasing a brownstone townhouse for $2,200,000. To obtain the mortgago, Felix is required to make a 17% down payment. Felix obtains a 25-year mortgage with an interest rate of 5.5%. a) Determine the amount of the required down payment. b) Determine the amount of the mortgage. c) Determine the monthly payment for principal and interest. BBClick the icon to view the table of monthly payments a) Determine the amount of the required down payment. $ b) Determine the amount of the mortgage c) Determine the monthly payment for principal and interest. $ (Round to the nearest cent.) 10 Rate 4,0 $10.12451 5.0 5.5 6.0 75 8.0 10.36384 10.60655 10.85263 11.10205 11.35480 11.61085 11.87018 12.13276 12.39857 12.66758 12.93976 13.21507 13.49350 13.77500 14.05954 14.34709 Number of Years 15 20 25 30 $7.39688 $6.05980 $5,27837 $4.77415 7.64993 6.32649 5.55832 5.06685 7.90794 6.59956 5.84590 5.36822 8.17083 6.87887 6.14087 5.67789 8.43857 7.16431 6.44301 5.99551 8.71107 7.45573 6.75 2076.32068 8.98828 7.75299 7.06779 6.65302 9.27012 8.05593 7.38991 6.99215 9.55652 8.36440 7.71816 7.33765 9.84740 8.67823 8.05227 7.68913 10.14267 8.99726 8.39196 8.04623 10.44225 9.32131 8.7369 8.40854 10.74605 9.65022 9.08701 8.77572 11.05399 9.98380 9.44182 9 .14739 11.36597 10.32188 9.80113 9.52323 11.68190 10.66430 10.16469 9.90291 12.00168 11.01086 10.53224 10.28613 85 9.0 9.5 10.0 10.5 11.0 11.5 12.0 SW Print Done

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