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I need a complete answer and solution Instruction Use two decimal place for your answer. Juana bought a house for 898,000 she had a 20%
I need a complete answer and solution
Instruction Use two decimal place for your answer. Juana bought a house for 898,000 she had a 20% down payment and the balance is payable in 20 years. The interest of the amortized housing loan is 6% per annum. ( Straight line method ) 1. How much is the down payment made by Juana? 2. Find the total interest for 1 year 3. Find the total interest paid by Juana? 4. How much is Juana's monthly amortization for her housing loan? 5. Find the interest per month. Problem 2 Instruction: Used two decimal place for your answer. Juan Tama bought a house for 500,000. He made a 125,000 down payment and the balance in simple interest amortization a 5 3/8% annually interest for 10 years. 1. Find the total interest paid by Juan. 2. Find the total amount of housing loan to be paid in 10 years. 3. What is the percentage of Juan down payment? 4. Find the interest per annum 5. Find Juan Tama's monthly amortizationStep by Step Solution
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