You plan to buy a house in july 2019. the sale price is $350,000. you need to pay 20% down payments and borrow additional 80% from wells fargo with a traditional 15-year, 3.6% fixed-rate mortgage loan. you are expected to pay an equal monthly payment starting from august 2019 for a total of 15 years.

So your down payment would be 70,000 (which is 350,000 X .2)

So you would be financing 280,000

Using the payment function

PV= 280,000

R= .036/12

N = 15*12= 180

Your payment would be: 2,015.45

answer; ///i believe the correct two answer are (1) paid in capital; and (2) earned   capital; good luck

a is the correct answer, tell me if im right