The Roschunis bought a house for
$
763
,
500
. They paid the sellers a
20
%
down payment and obtained a simple interest amortized loan for the balance from their bank for the remainder, at
9
7
8
%
for
t
h
i
r
t
y
y
e
a
r
s
. The bank in turn paid the sellers the loan amount, less a
6
%
sales commission paid to the sellers’ and the buyers’ real estate agents. The bank charged them
2
points plus fees totaling
$
5
,
912.49
; of these fees,
$
3
,
998.15
were included in the finance charge. Find:
a. the Roschunis’s monthly payment
b. the
A
P
R
(round to the nearest hundredth of
1
%
)
c. the total finance charge
d. the amount that the sellers are paid for their house.