jenorajordan3584 jenorajordan3584

02-01-2023
Mathematics

Answered

A man buy a houe for $175,000. He make a $75,000 down payment and amortize the ret of the debt with emiannual payment over the next 10 year. The interet rate on the debt i 12%, compounded emiannually. FInd: (a) the ize of each payment, (b) the total amount paid over the life of the loan, and (c) the total interet paid over the life of the loan

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