Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You found your dream home in Martin, TN. The home is priced at $189,000, and the bank is offering you a 4.55% interest rate if

image text in transcribed
You found your dream home in Martin, TN. The home is priced at $189,000, and the bank is offering you a 4.55% interest rate if you finance the home for thirty years. You must make a 3.5% down payment on the home. What is your loan's ending balance after your first house payment? Round your answer to the nearest whole number. $189,000 $188,787 $188,283 None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sold Is My Favorite 4 Letter Word

Authors: Be Mi Real Estate Store

1st Edition

B0BW37S7DN

More Books

Students also viewed these Finance questions

Question

How does version history act as a control for data files?

Answered: 1 week ago

Question

What is operatiing system?

Answered: 1 week ago