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Nellie wants to buy a $1,040,000.00 house. She makes a $120,000.00 down payment and takes out a25-year mortgage to pay for the rest. Her monthly
Nellie wants to buy a $1,040,000.00 house. She makes a $120,000.00 down payment and takes out a25-year mortgage to pay for the rest. Her monthly mortgage payment is 4,150.00.
Nellie wants to buy a $1,040,000.00 house. She makes a $120,000.00 down payment and takes out a 25 -year mortgage to pay for the rest. Her monthly mortgage payment is $4,150.00. a) What is the principal of her mortgage? b) How much interest will she pay over the life of her loan? c) How much will she pay in total for her house
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