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xiaoyu000 xiaoyu000
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7 months ago

A home sells for $150,000. The buyer makes a one-third down payment and gets a mortgage with a rate of 11% for 25 years. Calculate:

  1. amount of mortgage and
  2. the monthly payment.

    Note: Round your answer to the nearest cent.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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IcerX2050IcerX2050
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