Mathematics, 05.10.2021 03:00 amanquen35

A loan used for buying a home is called a mortgage. The Fortunato family is buying a $100,000 home. They are taking out a 30-year mortgage at a rate of 8%. A. Compute the monthly payment. B. Find the total of all of the monthly payments for the 30 years. C. What is the finance charge? d. What would be the payment if the loan was a 15-year mortgage? Is it twice as much? To the nearest thousand, what is the savings in finance charges.

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A loan used for buying a home is called a mortgage. The Fortunato family is buying a $100,000 home....