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Susan Carver will purshasr a home $160,000. She will use a down payment of 18% and finance the remaining portion at 4.2%, compounded monthly for
Susan Carver will purshasr a home $160,000. She will use a down payment of 18% and finance the remaining portion at 4.2%, compounded monthly for 25 years. Complete parts (a) through (c). a) what will be the monthly payment? b) How much will remain on the loan after making payments for 12 years? c) How much interest will be paid on the total amount of the loan over the course of the 25 years? The amount paid in interest is
Susan Carver will purshasr a home $160,000. She will use a down payment of 18% and finance the remaining portion at 4.2%, compounded monthly for 25 years. Complete parts (a) through (c).
a) what will be the monthly payment?
b) How much will remain on the loan after making payments for 12 years?
c) How much interest will be paid on the total amount of the loan over the course of the 25 years?
The amount paid in interest is
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