Question 20 >
Jenelle bought a home for $170,000, paying 20% as a down payment, and financing the rest at 6.4% interest
for 30 years. Round your answers to the nearest cent.
How much money did Jenelle pay as a down payment? $
What was the original amount financed? $
What is her monthly payment? $
If Jenelle makes these payments every month for thirty years, determine the total amount of money
she will spend on this home. Include the down payment in your answer. $
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