John
1.
is planning to buy a home
He finds a
he
home
would like to b...
Mathematics, 09.12.2021 01:00 valenzueladomipay09u
John
1.
is planning to buy a home
He finds a
he
home
would like to buy and
determines
that he
will need to borrow
6/87,000. His
(bank will give him
loan at
4.8% for 25 years.
a) what will be his monthly payment?
b) what
will be the total amount collected
over the life of the
(
loan ( totalmount repaid)?
c) What amount of
the 25-year loan?
interest
is
paid for
Answers: 1
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