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Please help me with (a)(b)(c). Thank you ate 923 23. You plan to buy a house for $800K. The requirement is to put down 20%
Please help me with (a)(b)(c). Thank you
ate 923 23. You plan to buy a house for $800K. The requirement is to put down 20% and take a loan for the rest. com- ed id (a) What is the monthly payment based on a 15 year fixed interest rate of 4% co pounded monthly? (b) Repeat (a) for a 30-year fixed interest rate of 4.5% compounded monthly. (c) Calculate the total interest you will pay in case (a) and case (b). (d) Plot the monthly interest you pay versus time over the life of the loan in cases (a) and (b). Comment on the results. (e) Plot the amount that goes to the principal every month over the life of the loan in cases (a) and (b). Comment on the results. following options: alStep by Step Solution
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