Mathematics, 19.11.2020 21:20 jasmine8142002
You are applying for an 80/20 mortgage to buy a house costing $100,000.
The first (80%) mortgage has an interest rate of 4.75%, and the second (20%)
mortgage has an interest rate of 7.525%. Both the first mortgage and the
second mortgage are 30-year fixed-rate mortgages. What will the total
amount of the mortgage be?
O A. $200,140.19
O B. $200,703.60
O C. $200,557.51
O D. $200,417.32
Answers: 2
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You are applying for an 80/20 mortgage to buy a house costing $100,000.
The first (80%) mortgage ha...
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