His total
vuk out an 80/20 mortgage to buy a house costing $156,000. the first (80%) mortgage...
Mathematics, 25.08.2019 09:30 sheila101
His total
vuk out an 80/20 mortgage to buy a house costing $156,000. the first (80%) mortgage has
an interest rate of 6.65%, and the second (20%) mortgage has an interest rate of 8.9%. both are 30-
year fixed-rate mortgages. let's joel understand his mortgage better by examining it in greater
detail. (6 points: part i - 1 point; part ii - 1 point; part iii - 1 point; part iv - 1 point; part v- 1 point; part
vi - 1 point)
part i: what is the amount of joel's first mortgage?
Answers: 2
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