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You plan to purchase a $230,000 house using a 15 -year mortgage obtained from your bank. The mortgage rate offered to you is 4.80 percent
You plan to purchase a $230,000 house using a 15 -year mortgage obtained from your bank. The mortgage rate offered to you is 4.80 percent You will make a down payment of 20 percent of the purchase price. a. Calculate your monthly payments on this mortgage. b. (1) Construct the amortization schedule for the mortgage. b. (2) How much total interest is paid on this mortgage? Complete this question by entering your answers in the tabs below. Calculate your monthly payments on this mortgage. (Do not round intermediate calculations. Round your answer to 2 decimal places. ( e.g., 32.16)) You plan to purchase a $230,000 house using a 15 -year mortgage obtained from your bank. The mortgage rate offered to you is 4.80 percent. You will make a down payment of 20 percent of the purchase price. a. Caiculate your monthly payments on this mortgage. b. (1) Construct the amortization schedule for the mortgage. b. (2) How much total interest is pald on this mortgage? Complete this question by entering your answers in the tabs below. How much total interest is paid on this mortgage? (Do not round intermeciate calculations. Round your answer to 2 decimal places. (e.9., 32.16)) 4.80 percent. You will make a down payment of 20 percent of the purchase price. a. Caiculate your monthly payments on this mortgage. b. (1) Construct the amortization schedule for the mortgage. b. (2) How much total interest is pald on this mortgage? Complete this question by entering your answers in the tabs below. Construct the amortization schedule for the mortgage? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e,g,32.16))
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