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A house sells for $165,000 and a 15% down payment is made. A mortgage was secured at 4.7% for 30 years. Round to the nearest cent, if necessary. Part 1 of 4 Find the down payment. The down payment is $ 24750 Alternate Answer: The down payment is $24,750. Part: 1 / 4 Part 2 of 4 Find the amount of the mortgage. The amount of the mortgage is $

A house sells for $165,000 and a 15% down payment is made. A mortgage was secured at 4.7% for 30 years. Round to the nearest cent, if necessary. Part 1 of 4 Find the down payment. The down payment is $ 24750 Alternate Answer: The down payment is $24,750. Part: 1 / 4 Part 2 of 4 Find the amount of the mortgage. The amount of the mortgage is $

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 20E: Mortgage A couple can afford to make a monthly mortgage payment of $650. If the mortgage rate is 9%...
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A house sells for $165,000 and a 15% down payment is made. A mortgage was secured at 4.7% for 30 years. Round to the nearest cent, if necessary. Part 1 of 4 Find the down payment. The down payment is $24750 Alternate Answer: The down payment is $24,750. Part: 1 / 4 Part 2 of 4 Find the amount of the mortgage. The amount of the mortgage is $ n
Transcribed Image Text:A house sells for $165,000 and a 15% down payment is made. A mortgage was secured at 4.7% for 30 years. Round to the nearest cent, if necessary. Part 1 of 4 Find the down payment. The down payment is $24750 Alternate Answer: The down payment is $24,750. Part: 1 / 4 Part 2 of 4 Find the amount of the mortgage. The amount of the mortgage is $ n
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