November 26, 2015

Homework Help: math

Posted by anthony on Wednesday, December 2, 2009 at 1:31am.

The price of a home is $120,000. The bank requires a 10%
down payment and two points of closing. The cost of the home
is financed with 30-year fixed-rate mortgage at 8.5%.
Find the total cost of interest over 30 years.

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