Business, 22.09.2021 14:00 CameronVand21
A 30-year fixed-rate mortage has monthly payments of 725 per month and a qouted interest rate of 6.22 per cent year compounded monthly. If a buyer purchases a home wiht the cash proceeds of the mortgage loan plus an additional deposit that equals 15 per cent of the emortgage loan, what is the purchase price of the home?
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