Marvin Bass bought a home for $180,000, putting down $50,000. The rate of interest is 14% for 25 years. Calculate (A) Marvin's payment per $1,000 and (B) his monthly mortgage payment.
A. $12.04
B. $1,565.20

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The Answer of Marvin Bass bought a home for $180,000, putting down $50,000. The rate of interest is 14% for 25 years. Calculate (A) Marvin's payment per $1,000 and (B) his monthly mortgage payment.
A. $12.04
B. $1,565.20

Marvin Bass Bought a Home for $180,000, Putting Down $50,000