Question 2 What is the daily interest? Hint: take your previous answer and divide it by 365. Question 3 How much should they expect to pay in prepaid interest at the closing?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Liz and Nick are buying a $725,000 home. They have been approved for a 3.25% APR, 30-year mortgage. They made a 20% down payment and will be closing on March 11.
D
Question 2
What is the daily interest?
Hint: take your previous answer and divide it by 365.
Question 3
How much should they expect to pay in prepaid interest at the closing?
1
1
Transcribed Image Text:D Question 2 What is the daily interest? Hint: take your previous answer and divide it by 365. Question 3 How much should they expect to pay in prepaid interest at the closing? 1 1
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