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The Roths bought a house for $ 4 3 7 , 8 0 0 . They paid the sellers a 2 0 % down payment
The Roths bought a house for $ They paid the sellers a down payment and obtained a simple interest amortized
loan for the balance from their bank for the remainder, at for thirty years. The bank in turn paid the sellers the loan
amount, less a sales commission paid to the sellers' and buyers' real estate agents. The bank charged them points plus
fees totaling $; of these fees, $ were included in the finance charge.
a Find the loan amount.
$
b Find the "legal loan amount" the amount borrowed, according to the Truth in Lending Act. Round your answer to
the nearest cent.
$
c Find the Roth's monthly payment. Round your answer to the nearest cent.
$
d Find the APR round to the nearest hundredth of
e Find the total interest paid. Round your answer to the nearest cent.
$
f Find the total finance charge. Round your answer to the nearest cent.
$
g Find the amount that the sellers are paid for their house.
$
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