Suppose that you want to purchase a home for $195,000, with a 20-year mortgage at 7.5% interest. Suppose that you can put 20% down. (Use this table to calculate your answer. Round your answers to the nearest cent.) (a) What is the amount of the down payment? $ (b) What is the amount to be financed? $ (c) What are the monthly payments? $

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A: To find the total interest

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A: From the above details we have,

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A:

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Q: Use the following rates and payments table. Monthly Rate Unpaid balance New balance Previous Balance…

A: Interest = Rate of Interest × Amount × Time100 Use this to find the required answers.

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A: NOTE: Refresh your page if you can't see any equations. . here we have L=96500 r=4% t=15 years The…

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A: Jo borrowed $4,750 for 4 months from a bank. The bank discounted the loan at 3.5%.a. How much…

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