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Micah bought an oceanfront condominium for $479,900, with $79,900 down. Assuming an interest rate of 7.5% for 30 years, A. What is the monthly payment. B. If 1 point is charged at closing, what will that be in dollars? Note: Round your "Monthly payments" answer to the nearest cent. A. Monthly payment B. Point charged

Micah bought an oceanfront condominium for $479,900, with $79,900 down. Assuming an interest rate of 7.5% for 30 years, A. What is the monthly payment. B. If 1 point is charged at closing, what will that be in dollars? Note: Round your "Monthly payments" answer to the nearest cent. A. Monthly payment B. Point charged

Advanced Engineering Mathematics
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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Micah bought an oceanfront condominium for $479,900, with $79,900 down. Assuming an interest rate of 7.5% for 30 years, A. What is the monthly payment. B. If 1 point is charged at closing, what will that be in dollars? Note: Round your "Monthly payments" answer to the nearest cent. A. Monthly payment B. Point charged
Transcribed Image Text:Micah bought an oceanfront condominium for $479,900, with $79,900 down. Assuming an interest rate of 7.5% for 30 years, A. What is the monthly payment. B. If 1 point is charged at closing, what will that be in dollars? Note: Round your "Monthly payments" answer to the nearest cent. A. Monthly payment B. Point charged
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