A house sells for $165,000 and a 15% down payment is made. A mortgage was secured at 4.7% for 30 years. Round to the nearest cent, if necessary. Part 1 of 4 Find the down payment. The down payment is $24750 Alternate Answer: The down payment is $24,750. Part 2 of 4 Find the amount of the mortgage. The amount of the mortgage is $ 140,250 Part 3 of 4 Find the monthly payment. The monthly payment is $

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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A house sells for $165,000 and a 15% down payment is made. A mortgage was secured at 4.7% for 30 years. Round to the nearest cent, if necessary.
Part 1 of 4
Find the down payment.
The down payment is $24750
Alternate Answer:
The down payment is $24,750.
Part 2 of 4
Find the amount of the mortgage.
The amount of the mortgage is $ 140,250
Part 3 of 4
Find the monthly payment.
The monthly payment is $
X
Transcribed Image Text:A house sells for $165,000 and a 15% down payment is made. A mortgage was secured at 4.7% for 30 years. Round to the nearest cent, if necessary. Part 1 of 4 Find the down payment. The down payment is $24750 Alternate Answer: The down payment is $24,750. Part 2 of 4 Find the amount of the mortgage. The amount of the mortgage is $ 140,250 Part 3 of 4 Find the monthly payment. The monthly payment is $ X
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