Mathematics
Mathematics, 29.08.2019 23:20, QueenNerdy889

Acouple gets financing for 80% of the $150,000 purchase price of a house at the rate of 6% on the monthly unpaid
balance. use the table provided to find the total amount paid to the finance company if the loan is repaid in 40 years.
monthly payments per $1000 of mortgage
interest
10 years 20 years 30 years 40 years
rate(%)
6.60 5.37 4.83
5.5
10.866.885 .68 5.16
6.0 11.117.176.00 5.51
6.5 11.36
6.33 5.86
$231,948.00
c. $317,376.00
$289,005.00
d. $141,509.00

answer
Answers: 3

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Acouple gets financing for 80% of the $150,000 purchase price of a house at the rate of 6% on the mo...

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