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Consider a $250,000 home mortgage in which the payment per month is $1063.57 for a thirty-year period. Answer the following questions. Blank #1: Find the total amount paid over the life of the loan. Round your answer to the nearest hundredth, include units and no commas. For example, a valid answer might look like $1034.78. Blank #2: Of the total amount paid,, your answer to the nearest whole percent and do not include the %. For example, a % is paid toward the principal. Round valid answer might look like 32. Blank #3: Of the total amount paid, % is paid towards interest. Round your answer to the nearest whole percent and do not include the %. For example, a valid answer might look like 32.

Consider a $250,000 home mortgage in which the payment per month is $1063.57 for a thirty-year period. Answer the following questions. Blank #1: Find the total amount paid over the life of the loan. Round your answer to the nearest hundredth, include units and no commas. For example, a valid answer might look like $1034.78. Blank #2: Of the total amount paid,, your answer to the nearest whole percent and do not include the %. For example, a % is paid toward the principal. Round valid answer might look like 32. Blank #3: Of the total amount paid, % is paid towards interest. Round your answer to the nearest whole percent and do not include the %. For example, a valid answer might look like 32.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Consider a $250,000 home mortgage in which the payment per month is $1063.57 for a thirty-year period. Answer the following questions. Blank #1: Find the total amount paid over the life of the loan. Round your answer to the nearest hundredth, include units and no commas. For example, a valid answer might look like $1034.78. Blank #2: Of the total amount paid,, your answer to the nearest whole percent and do not include the %. For example, a valid answer might look like 32. % is paid toward the principal. Round Blank #3: Of the total amount paid, % is paid towards interest. Round your answer to the nearest whole percent and do not include the %. For example, a valid answer might look like 32.
Transcribed Image Text:Consider a $250,000 home mortgage in which the payment per month is $1063.57 for a thirty-year period. Answer the following questions. Blank #1: Find the total amount paid over the life of the loan. Round your answer to the nearest hundredth, include units and no commas. For example, a valid answer might look like $1034.78. Blank #2: Of the total amount paid,, your answer to the nearest whole percent and do not include the %. For example, a valid answer might look like 32. % is paid toward the principal. Round Blank #3: Of the total amount paid, % is paid towards interest. Round your answer to the nearest whole percent and do not include the %. For example, a valid answer might look like 32.
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