Alea would like to buy a $150,000 home. She plans to pay 16% as a down payment and will take out a 35 year loan for the rest. a. How much will Alea pay for the down payment? Answer: Work: b. What will Alea’s loan amount be? Answer: Work: c. What is Alea’s monthly payment (to the nearest cent) if the interest rate is 8.5%? Answer: Work:
Alea would like to buy a $150,000 home. She plans to pay 16% as a down payment and will take out a 35 year loan for the rest. a. How much will Alea pay for the down payment? Answer: Work: b. What will Alea’s loan amount be? Answer: Work: c. What is Alea’s monthly payment (to the nearest cent) if the interest rate is 8.5%? Answer: Work:
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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Question
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Alea would like to buy a $150,000 home. She plans to pay 16% as a down payment and will take out a 35 year loan for the rest.
a. How much will Alea pay for the down payment?
Answer:
Work:b. What will Alea’s loan amount be?
Answer:
Work:c. What is Alea’s monthly payment (to the nearest cent) if the interest rate is 8.5%?
Answer:
Work:
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