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The Nguyens are thinking of buying a home for $ 1 1 4 , 0 0 0 . A potential lender advertises an 8 0

The Nguyens are thinking of buying a home for $114,000. A potential lender advertises an 80%, thirty-year simple interest amortized loan at
8
1
4
%
interest, with an APR of 9.23%. Use the APR to approximate the fees included in the finance charge. (Round your answer to the nearest cent.)
$ The Nguyens are thinking of buying a home for $114,000. A potential lender advertises an 80%, thirty-year simple interest amortized loan at
814% interest, with an APR of 9.23%. Use the APR to approximate the fees included in the finance charge. (Round your answer to the
nearest cent.)
$
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