An auto parts store sells for $300,000 and a 30% down payment is made. A 20 -year mortgage at 7% is obtained, and closing costs are $9800 . Round to the nearest cent, if necessary. Part: 0 / 4 0 of 4 Parts Complete Part 1 of 4 Find the down payment. The down payment is $ . (b) Find the amount of the mortgage? (c) Find the monthly payment (d) find the total interest paid?

An auto parts store sells for $300,000 and a 30% down payment is made. A 20 -year mortgage at 7% is obtained, and closing costs are $9800 . Round to the nearest cent, if necessary. Part: 0 / 4 0 of 4 Parts Complete Part 1 of 4 Find the down payment. The down payment is $ . (b) Find the amount of the mortgage? (c) Find the monthly payment (d) find the total interest paid?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

An auto parts store sells for

$300,000

and a

30%

down payment is made. A

-year mortgage at

is obtained, and closing costs are

$9800

. Round to the nearest cent, if necessary.

Part: 0 / 4

0 of 4 Parts Complete

Part 1 of 4

Find the down payment.

The down payment is

(b) Find the amount of the mortgage?

(d) find the total interest paid?

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