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Objective knowledge Check
Question 3
Lilian V
Espanol
Manuel wants to buy a townhouse that costs $63,000. The bank requires a 10% down payment. The rest is financed with a 15-year, fixed-rate mortgage at
9.5% annual interest with monthly payments.
Complete the parts below. Do not round any intermediate computations. Round your final answers to the nearest cent if necessary. If necessary, refer to the
list of financial formulas.
X
5
?
(a) Find the required down payment.
si
(b) Find the amount of the mortgage.
SI
(c) Find the monthly payment.
SI
15. jiovanni is looking in to two different companies that offer study guides for math exams. test prep 101 charges a $5 flat fee and an additional $0.25 per problem. math charges a $2 flat fee and an additional $0.50 per problem. how many prablems would make the costs of the two companies be equal? varibles: equations/eniqualities{ {