Find the monthly house payments necessary to amortize the following loan. Then calculate the total payments and the total amount of interest paid. $204,000 at 6.95% for 25 years The monthly payments are $__. (Round to the nearest cent.) The total amount paid on the loan is $__. (Round to the nearest cent.) The total amount of interest paid is $__. (Round to the nearest cent.)
Find the monthly house payments necessary to amortize the following loan. Then calculate the total payments and the total amount of interest paid. $204,000 at 6.95% for 25 years The monthly payments are $__. (Round to the nearest cent.) The total amount paid on the loan is $__. (Round to the nearest cent.) The total amount of interest paid is $__. (Round to the nearest cent.)
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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Find the monthly house payments necessary to amortize the following loan. Then calculate the total payments and the total amount of interest paid.
$204,000 at 6.95% for 25 years
The monthly payments are $__.
(Round to the nearest cent.)
The total amount paid on the loan is $__.
(Round to the nearest cent.)
The total amount of interest paid is $__.
(Round to the nearest cent.)
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