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a) Calculate the total cost of the home, including the down payment. Round your answer to the nearest cent. b) Calculate the total cost of the home, including the down payment, assuming instead a 30-year fixed mortgage with a monthly payment of $1,214.11l and a down payment of 847,800.00. Round your answer to the nearest cent. c) How do the totals compare for the 15 and 30-year loans? O The total cost of the home with a 15 year mortgage is less than the total cost of the home with a 30-year mortgage O The total cost of the home with a 15 year mortgage is greater than the total cost of the home with a 30 year mortgage

a) Calculate the total cost of the home, including the down payment. Round your answer to the nearest cent. b) Calculate the total cost of the home, including the down payment, assuming instead a 30-year fixed mortgage with a monthly payment of $1,214.11l and a down payment of 847,800.00. Round your answer to the nearest cent. c) How do the totals compare for the 15 and 30-year loans? O The total cost of the home with a 15 year mortgage is less than the total cost of the home with a 30-year mortgage O The total cost of the home with a 15 year mortgage is greater than the total cost of the home with a 30 year mortgage

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section: Chapter Questions
Problem 52RE
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Chapter 5.2-119 x Module 10 Read x0 Class lextbook - x 0 Astignment 3 Comma Exercise X -1x 0 Chaptes O https://d2l.pima.edu/d21/le/content/536636/viewContent/5358554/iew ĐERIVITA Jessica Alvarado Question 7 of15 BAC Suppose you borrow $265,000.00 by taking out a 15-year fixed-rate mortgage with a monthly payment of $2,191.68. You made a down payment of $47,800.00. Question Question a) Calculate the total cost of the home, including the down payment. Round your answer to the nearest cent. Question Question Question Question b) Calculate the total cost of the home, including the down payment, assuming instead a 30-year fixed mortgage with a monthly payment of $1,214.11 and a down payment of $47,800.00, Round your answer to the nearest cent. Question 7 Question B Question 9 Question 10 Question 11 c) How do the totals compare for the 15 and 30-year loans? Question 12 O The total cost of the home with a 15-year mortgage is less than the total cost of the home with a 30-year mortgage Question 13 Question 14 O The total cost of the home with a 15-year mortgage is greater than the total cost of the home with a 30-year mortgage Question 15 Summary CHECK ASMER e to search 76 hp 144 $1 4 %23 3 5. 6. 8. Q R D E question 7 K C V N alt
Transcribed Image Text:Chapter 5.2-119 x Module 10 Read x0 Class lextbook - x 0 Astignment 3 Comma Exercise X -1x 0 Chaptes O https://d2l.pima.edu/d21/le/content/536636/viewContent/5358554/iew ĐERIVITA Jessica Alvarado Question 7 of15 BAC Suppose you borrow $265,000.00 by taking out a 15-year fixed-rate mortgage with a monthly payment of $2,191.68. You made a down payment of $47,800.00. Question Question a) Calculate the total cost of the home, including the down payment. Round your answer to the nearest cent. Question Question Question Question b) Calculate the total cost of the home, including the down payment, assuming instead a 30-year fixed mortgage with a monthly payment of $1,214.11 and a down payment of $47,800.00, Round your answer to the nearest cent. Question 7 Question B Question 9 Question 10 Question 11 c) How do the totals compare for the 15 and 30-year loans? Question 12 O The total cost of the home with a 15-year mortgage is less than the total cost of the home with a 30-year mortgage Question 13 Question 14 O The total cost of the home with a 15-year mortgage is greater than the total cost of the home with a 30-year mortgage Question 15 Summary CHECK ASMER e to search 76 hp 144 $1 4 %23 3 5. 6. 8. Q R D E question 7 K C V N alt
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