Mathematics, 21.06.2020 21:57 quintasiahaskin
The banking and lending industry is one of the most profitable industries in the world for the
lender, not the borrower. If you buy a home and take out a 30-year home mortgage loan for
$500,000 at an APR of 4.5%, your monthly principal + interest payment will be $2,533, every
month for 30 years, or until you sell your home.
a. Assuming you stay in your home for 30 years, how much total money will you have paid the
bank in 30 years?
b. How much of the total money paid in part (a) was interest to the bank/lender-money you
never see again?
Answers: 3
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Felix wrote several equations and determined that only one of the equations has no solution. which of these equations has no solution?
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Amath club has 40 members. the number of girls y is 6 less than the number of boys. how many members are boys x? how many members are girls y?
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The banking and lending industry is one of the most profitable industries in the world for the
lend...
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