Your friends are purchasing a house for $182,000. If they put 20% down, how much...
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Finance
Your friends are purchasing a house for $182,000.
If they put 20% down, how much will their down payment be for their mortgage? 2 points
The bank agreed to an APR of 3.15% for a 15 year mortgage. According to Excel, the monthly mortgage payment would be $1016.02. If your friends accept this loan, how much will they pay in total over the lifetime of the loan? 2 points
How much would be paid on interest over the life of the loan? 2 points
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