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please input all information in order to enter in spreadsheet and show work Q6. Karianne Yost (F381, Fa05, F382, Sp'06) has secured a very good
please input all information in order to enter in spreadsheet and show work
Q6. Karianne Yost (F381, Fa05, F382, Sp'06) has secured a very good job as a securities analyst for Shearson, Lehman Bros. in Houston. She and her husband have purchased a $437,500 home in a Houston suburb. They have managed to accumulate a 20% down-payment for this purchase. Hancock Bank is now offering a special 15-year mortgage, with a fixed-rate of 4.875% for first-time loan buyers who qualify by having a credit score of at least 450, and who can afford a 20% down payment. Determine the monthly payments that Kari and her husband will be paying for the next 15 years. Note: Round amount borrowed to the nearest 000's. Answer: $2,745.04 Step by Step Solution
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