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Susan Carver will purchase a home for $300,000. She will use a down payment of 15% and finance the remaining portion at 8.7%, compounded monthly
Susan Carver will purchase a home for $300,000. She will use a down payment of 15% and finance the remaining portion at 8.7%, compounded monthly for 35 years. Complete parts (a) through (c) below (a) What will be the monthly payment? Susan will pay $ each month. (Round to the nearest cent as needed) (b) How much will remain on the loan after making payments for 12 years? The amount remaining on the loan wil be $ (Round to the nearest cent as needed) (c) How much interest will be paid on the total amount of the loan over the course of 35 years? The amount of interest that will be paid is $ (Round to the nearest cent as needed) Enter your answer in each of the answer boxes
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