Suppose you want to purchase a $ 165000 house. If you put 20% down and finance the rest in a 25 year mortgage at an interest rate of 5.5%, what will your monthly payments be?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Suppose you want to purchase a $ 165000 house. If you put 20% down and finance the rest in a 25 year mortgage at an interest rate of 5.5%, what will your monthly payments be?

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