A house sells for $268,500 and a 40% down payment is made. A 30-year mortgage at 7% was
obtained.
(i)Find the down payment.
(ii)Find the amount of the mortgage.
(iii)Find the monthly payment.
(iv)Find the total interest paid.

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The Answer of A house sells for $268,500 and a 40% down payment is made. A 30-year mortgage at 7% was
obtained.
(i)Find the down payment.
(ii)Find the amount of the mortgage.
(iii)Find the monthly payment.
(iv)Find the total interest paid.

A House Sells for $268,500 and a 40% Down Payment