2. Suppose you buy a house for $320,000. You have $40,000 for a down payment, and finance the rest at 4% per year for 30 years. How much is your monthly payment? How much interest do you pay altogether?.

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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2. Suppose you buy a house for $320,000. You have $40,000 for a down payment, and finance the rest
at 4% per year for 30 years. How much is your monthly payment? How much interest do you pay
altogether?.
Transcribed Image Text:2. Suppose you buy a house for $320,000. You have $40,000 for a down payment, and finance the rest at 4% per year for 30 years. How much is your monthly payment? How much interest do you pay altogether?.
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