Mathematics, 21.04.2020 21:32 sydc1215
5.Richard Miyashiro purchased a condominium and obtained a 30-year loan of $196,000 at an annual interest rate of 8.20%. (Round your answers to the nearest cent.)
(a) What is the mortgage payment?
$
(b) What is the total of the payments over the life of the loan?
$
(c) Find the amount of interest paid on the mortgage loan over the 30 years.
$
6.
Marcel Thiessen purchased a home for $205,700 and obtained a 15-year, fixed-rate mortgage at 7% after paying a down payment of 10%. Of the first month's mortgage payment, how much is interest and how much is applied to the principal? (Round your answer to the nearest cent.)
interest $
applied to the principal $
Answers: 1
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5.Richard Miyashiro purchased a condominium and obtained a 30-year loan of $196,000 at an annual int...
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