A computer store sells for $2,200,000 . The buyer made a 30% down payment and secured a 20 -year mortgage on the balance at 4.5% . Round to the nearest cent, if necessary. A) Find the down payment? B) Find the amount of the mortgagae? C) Find the monthly payment? D) Find the total interest paid?
A computer store sells for $2,200,000 . The buyer made a 30% down payment and secured a 20 -year mortgage on the balance at 4.5% . Round to the nearest cent, if necessary. A) Find the down payment? B) Find the amount of the mortgagae? C) Find the monthly payment? D) Find the total interest paid?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A computer store sells for
$2,200,000
. The buyer made a
30%
down payment and secured a
20
-year mortgage on the balance at
4.5%
. Round to the nearest cent, if necessary.
A) Find the down payment?
B) Find the amount of the mortgagae?
C) Find the monthly payment?
D) Find the total interest paid?
E) Over the life span of the loan, How much in interest will be paid?
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