Mathematics, 04.02.2020 07:50 winterblanco
Eric took out an 80/20 mortgage to buy a house costing $175,000. the first (80%) mortgage has an interest rate of 4.75%, and the second (20%) mortgage has an interest rate of 7.525%. both are 30-year fixed-rate mortgages. what is total mortgage payment for this house?
a. $975.63
b. $805.87
c. $245.32
d. $730.31
Answers: 2
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