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please use the top numbers to answer the questions that follow and okease show work Real Estate Investments o Invest in an $180,000 home, taking
please use the top numbers to answer the questions that follow and okease show work
Real Estate Investments o Invest in an $180,000 home, taking out a $160,000 mortgage loan for 30 years at 5.75%. o Using the mortgage calculator find the monthly payments, determine the total paid over the life of the mortgage, and the total interest paid. Why are you paying so much for an $180,000 home? o Calculate the value of the home after 15 years assuming a 5% increase in value every year. o Calculate the value of the home and the mortgage after 15 years. Find the profit you will make if you sell house at market value. Calculate your percent return o Repeat finding the monthly payments, total paid over the life of the mortgage, and the total interest par for a 15-year mortgage at 6.25%. Would you rather take out a longer mortgage at a lower interest percentage or a shorter mortgage with a higher percentage? Why Step by Step Solution
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