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only answer a & b. use bank rate.com, mortgage amortization table 1. You plan to purchase a $100,000 house using a 30-year mortgage obtained from
only answer a & b. use bank rate.com, mortgage amortization table
1. You plan to purchase a $100,000 house using a 30-year mortgage obtained from your local credit union. The mortgage rate offered to you is 8.25 percent. You will make a down payment of 20 percent of the purchase price. (LG 7.4) a. Calculate your monthly payments'on this mortgage. b. Calculate the amount of interest and, separately, principal paid in the 25 th payment Step by Step Solution
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