Mathematics, 03.11.2020 06:40 addisonrausch

Craig decides to purchase a property that has been valued at $475,000. He has $80,000 available as a deposit and will require a mortgage for the remaining amount. The bank offers him a 25 year mortgage at 2% interest. Calculate the total interest he will pay over the life of the loan, assuming he makes monthly payments.

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Craig decides to purchase a property that has been valued at $475,000. He has $80,000 available as a...