Susan Carver will purchase a home for $310,000
.
She will use a down payment of 22
% <...
Mathematics, 21.11.2020 08:30 Bukdom
Susan Carver will purchase a home for $310,000
.
She will use a down payment of 22
%
and finance the remaining portion at 3.9
%,
compounded monthly for 30
years. Complete parts (a) through (c) below.
(a) What will be the monthly payment?
Susan will pay $1,140.49
each month.
(Round to the nearest cent as needed.)
(b) How much will remain on the loan after making payments for 8
years?
The amount remaining on the loan will be $201,920.18
.
(Round to the nearest cent as needed.)
(c) How much interest will be paid on the total amount of the loan over the course of 30
years?
The amount of interest that will be paid is $168,777.74
.
(Round to the nearest cent as needed.)
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