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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 76
Ben and Mal Scott plan to buy a home for $272,900. They will make a 10% down payment and qualify for a 25-years, 7% mortgages loan.
a. What is the amount of their monthly payments
b. How much interest will they pay over the life of the loan
a. What is the amount of their monthly payments
b. How much interest will they pay over the life of the loan
Explanation
Verified
Verified
(a)
Consider the cost of the house is
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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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