Mathematics, 13.12.2019 19:31 yqui8767
Victor earns a gross annual income of $84,482 and is buying a home for $185,500. he is making a 15% down payment and financing the rest with a 25-year loan at 4.25% interest.
a) what is the mortgage amount he will borrow? (show your work)
b) what will his monthly mortgage payment be? round your answer to the nearest cent. (show your work)
Answers: 3
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