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Stephanie wants to purchase a house for S225.000 and is required 20% down pavment. She gets a mortgage rate of 5.5% for 15 years. There
Stephanie wants to purchase a house for S225.000 and is required 20% down pavment. She
gets a mortgage rate of 5.5% for 15 years. There are 3 points required at closing. 20pts.
What is the total cost of the house?
How much interest was paid over the fifteen vears?
C
How much of the 1' pavment goes toward the princinal?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
