Mathematics, 06.05.2020 05:01, savannahbrookec2896
HELP ASSP PLEASE Use the table to determine the total amount paid on a 20 year fixed loan, at 5.5%, of $160,000.
A 5-column table with 4 rows titled Monthly Payments per 1000 dollars of mortgage. Column 1 is labeled Interest Rate (percent) with entries 5, 5.5, 6, 6.5. Column 2 is labeled 10 Years with entries 10.61, 10.86, 11.11, 11.36. Column 3 is labeled 20 years with entries 6.60, 6.88, 7.17, 7.46. Column 4 is labeled 30 years with entries 5.37, 5.68, 6.00, 6.33. Column 5 is labeled 40 years with entries 4.83, 5.16, 5.51, 5.86.
a.
$160,000
c.
$264,192
b.
$203,254
d.
$176,000
Answers: 2
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HELP ASSP PLEASE Use the table to determine the total amount paid on a 20 year fixed loan, at 5.5%,...
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