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Question 14 (3 points) Bobby bought a house for $275,000 by putting 15% down and borrowing the balance. His note is for 30 years at
Question 14 (3 points) Bobby bought a house for $275,000 by putting 15% down and borrowing the balance. His note is for 30 years at 7.5% interest. If his first payment is due August 1st of the current year, how much interest will he pay in the current calendar year? $5,498.11. $6,989.46. $7,293.78. $7,667.13. Question 15 (3 points) Bobby bought a house for $275,000 by putting 15% down and borrowing the balance. His note is for 30 years at 7.5% interest. If his first payment is due August 1st of the current year, how much principal will he pay in the current calendar year? $878.29. O $925.14. O $985.43. O $1,612.28
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