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Business, 07.10.2020 23:01 tmrodriguez1

The average new home in the 2019 NAHB survey built on 22,094 square feet (about 1/2 acre) of land, included 2,594 square feet of finished floor area, and sold for $485,128. Using the capital recovery formula and showing all steps, calculate the monthly payment required to the nearest whole penny for a 30-year fixed-rate mortgage made by the lender at 3.540% annual percentage rate (current APR from Bankrate ), if the home buyer actually borrowed $485,128, and paid the difference in a down payment. (b) What is the total Interest (I

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The average new home in the 2019 NAHB survey built on 22,094 square feet (about 1/2 acre) of land, i...
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