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Julisa has just purchased a home for $146,000. A mortgage company has approved her loan application for a 30-year fixed-rate loan at 4.75%. Julisa has
- Julisa has just purchased a home for $146,000. A mortgage company has approved her loan application for a 30-year fixed-rate loan at 4.75%. Julisa has agreed to pay 10%
of the purchase price as a down payment.
a) Find the down payment,
b) Find the amount of mortgage( the amount that he will need to borrow)
c) The amount of the monthly payment
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
