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estella09
estella09
18.05.2021 • 
Mathematics

The mediante nice in obruary 2019 was approximately $315.000 (source: fette epiw donise by making a $35.000 down payment and then financing a SORRA variere at an annual interest rate of 4.50% ca typical rate for a 30-year loan i trhy 20101 The dire of their monthly payment will depend on the term of the mortgage The Best Austin "e" can be used to compare these monthly mortgage payments The 3 punts or Auction "peare: 0 the monthly interest rate (0.045/12); 2) the number of monthly payments and 3) the mortgage amount Med the monthly payments if the 280.000 was financed over 15 years. Fed the monthly payments if the $250.000 was financed over 30 years. e Multiply your answer to part (e) by the number of payments to find how much to family would need to pay in total over the life of the 15 year loan. Subtract the principal amount from this to give the amount of interest paid over the life of th d Multiply your answer to part(b) by the number of payments to find how much family would need to pay in total over the life of the 30-year loan. Subtract the principal amount from this to give the amount of interest paid over the life of th​

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