
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:Shelley purchased a home in Maryland Heights, MO, for $204,000. Her down
payment was 20% of the cash price, and she obtained a mortgage for 20 years
at 7%. What are Shelley's monthly payment and total interest cost? (Round
your answers to the nearest cent.)
Monthly payment
Total interest cost
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