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You are considering buying a home with an asking price of $300,000. Since the market is hot, you plan to put in an offer for
You are considering buying a home with an asking price of $300,000. Since the market is hot, you plan to put in an offer for the full asking price. You also plan fo put $60,000 down and finance the remainder. Your bank offers you a 30 -year loan at 7.5% APR (compounded monthly). Assume your first payment is made one month from foday and all payments are made on time. Cakculate the total amount paid to the bank over 30 years. (Round to 2 decimals) QUESTION 10 You are considering buying a home with an acking price of $300,000. Since the market is hot, you plan to put in an offer for the full asking price. You also plan to pu 560,000 down and finance the remainder. Your bank oflers you a 30 -year loan a 7.5% APR (compounded monthly). Assume your frst payment is made one menth from foday and all payments are made on time. Calculate the total imerest paid to the barik over 30 years. (Round 102 decimals)
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