In 6466, round to the nearest dollar.The price of a home
Chapter 0, Problem 64(choose chapter or problem)
In 6466, round to the nearest dollar.The price of a home is $240,000. The bank requires a 20%down payment and two points at the time of closing. Thecost of the home is financed with a 30-year fixed-ratemortgage at 7%.a. Find the required down payment.b. Find the amount of the mortgage.c. How much must be paid for the two points at closing?d. Find the monthly payment (excluding escrowed taxesand insurance).e. Find the total cost of interest over 30 years
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