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Jenelle bought a home for $250,000, paying 12% as a down payment, and financing the rest at 7% interest for 30 years. Round your answers
Jenelle bought a home for $250,000, paying 12% as a down payment, and financing the rest at 7% interest for 30 years. Round your answers to the nearest cent. How much money did Jenelle pay as a down payment? $| What was the original amount financed? S| | What is her monthly payment? S| ' If Jenelle makes these payments every month for thirty years, determine the total amount of money she will spend on this home. Include the down payment in your answer.
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