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April 17, 2014

Homework Help: math

Posted by emma on Monday, May 21, 2012 at 12:59pm.

Mr. Smith is purchasing a $190000 house. The down payment is 20% of the price of the house.
He is given the choice of:

(A) a 20-year mortgage at a rate of 6%.
Find:
(i) The monthly payment: $
(ii) The total amount of interest paid: $

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