A man buys a house for a $245,000. He pays $70,000 down and takes out a mortgage at 5.1% for 25 years on the balance. Find his monthly payment and the total amount of interest he will pay. the man will make payments of $____. (do not round until the final answer , then round to nearest cent ).
A man buys a house for a $245,000. He pays $70,000 down and takes out a mortgage at 5.1% for 25 years on the balance. Find his monthly payment and the total amount of interest he will pay. the man will make payments of $____. (do not round until the final answer , then round to nearest cent ).
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Q.A man buys a house for a $245,000. He pays $70,000 down and takes out a mortgage at 5.1% for 25 years on the balance. Find his monthly payment and the total amount of interest he will pay.
the man will make payments of $____.
(do not round until the final answer , then round to nearest cent ).
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