Mathematics, 25.01.2021 21:00, MyaMya12

A loan used for buying a home is called a mortgage. The Fernandez family is buying a
$375,000 home. They are taking
out a 30-year mortgage at a rate of 8%.
a. Compute the monthly payment.
b. Find the total of all of the monthly payments for the 30
years.
c. What is the finance charge?
d. Which is greater, the interest or the original cost of the
home.

Answers: 3

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A loan used for buying a home is called a mortgage. The Fernandez family is buying a
$375,00...