Brad decides to purchase a $205,000 house. He wants to finance the entire balance. He has received an APR of 3.2% for a 15-year mortgage. What is Brad’s total cost if he takes all 15 years to pay off the house? Round your answer to the nearest hundredth.
Brad decides to purchase a $205,000 house. He wants to finance the entire balance. He has received an APR of 3.2% for a 15-year mortgage. What is Brad’s total cost if he takes all 15 years to pay off the house? Round your answer to the nearest hundredth.
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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Brad decides to purchase a $205,000 house. He wants to finance the entire balance. He has received an APR of 3.2% for a 15-year mortgage. What is Brad’s total cost if he takes all 15 years to pay off the house? Round your answer to the nearest hundredth.
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