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Wlad and Wanda want to purchase a small multi - unit apartment building as a rental property investment. The seller agreed to their offer of

Wlad and Wanda want to purchase a small multi-unit apartment building as a rental property investment. The seller agreed to their offer of $1,200,000. Wanda and Wlad will make a down payment of 15%. The annual interest rate is 8% and they agree to pay three poiints at closing for that preferred interest rate over a 30-year loan. Express the answer in dollars and cents with commas and dollar sign.
What is the down payment amount? [A]
What is the value of the three points, based on standard percentages? [B]
What is the amount of the mortgage they will seek? [C]
Amortization tables report that at 8% interest for 30 years, the monthly payment is $7.34 per $1000 of the mortgage. What is the monthly payment? [D]
What is the total amount of principal plus interest or total cost of the mortgage over 30 years? [H]
What is the total amount of interest paid over the lifetime of the mortgage? [E]
Utilizing simple interest calculations for the first month, how much interest is paid in the first monthly payment? [F]
Utilizing simple interest calculations for the first month, how much principal is paid off from the first monthly payment? [G]

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