5.2 please 3. You want to buy a house that costs $120.000....
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5.2 please
3. You want to buy a house that costs $120.000. You can put $35.000 down. You get a 30 year fixed-rate loan with an APR of 4.75% compounded monthly. (5.1) (16 points) Determine the monthly payment. Show clear work. Work 0.35 000 35.000 Put: P. ) = 182.580 ADR: 0.0475 y 30 h:12 PMT:? T-(1, 112) - 35,000 .00 7- ( 1 07)-2-150 Answer: $182.58 (5.2) (8 points) Find the total c o st if they consist of a fee of $1700 and 3 points. Work Page 4
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