Mathematics, 06.04.2021 22:10 pooh969owys2a
Victoria earns a gross annual income of $124,482 and is buying a home for $225,500. She is making a 20% down payment and financing the rest with a 30-year loan at 4.5% interest.
(a) What is the mortgage amount she will borrow?
(b) Can she afford this mortgage?
(c) What will her monthly mortgage payment be?
(d) What will her total payment for the house be?
(e) What is the amount of interest she will pay?
Answers: 1
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