Mathematics, 19.02.2022 14:40 bri9263

8. Drew is purchasing a home for $452,000. He makes a 20% down payment and obtains a 30-year fixed rate mortgage loan at 6% annual interest. His monthly payments are $2167.98. He pays an intangible tax of 0.2%. Which of the following is the total cost of principal, interest, down payment, and amount of intangible tax? (4 points)

$780,472.80
$781,196.00
$871,596.00
$871,776.80

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8. Drew is purchasing a home for $452,000. He makes a 20% down payment and obtains a 30-year fixed r...