Question
You purchase a home for $436,000 by making a down payment of 15% and financing the remaining amount with a 15-year mortgage. Your mortgage
You purchase a home for $436,000 by making a down payment of 15% and financing the remaining amount with a 15-year mortgage. Your mortgage has an annual percentage rate of 2.12%, compounded monthly, and requires monthly payments. How much total interest (in dollars) will you pay on this loan after 15 years? (Round your answer to the nearest dollar.)
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Investments An Introduction
Authors: Herbert B Mayo
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324561385, 978-0324561388
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