Roger has found a home to be purchase for $219,626 and has agreed to pay 30% down. Find the amount of Roger's down payment. Find the amount of money that Roger would need to borrow through a mortgage in order to purchase the home. If Roger found a 30 year mortgage with a 5.1% APR. Find Roger's monthly payment. Using the monthly payment, find how much Roger paid over the life of the mortgage. How much interest did Roger pay on the mortgage total? Round your answer to the nearest cent.

Roger has found a home to be purchase for $219,626 and has agreed to pay 30% down. Find the amount of Roger's down payment. Find the amount of money that Roger would need to borrow through a mortgage in order to purchase the home. If Roger found a 30 year mortgage with a 5.1% APR. Find Roger's monthly payment. Using the monthly payment, find how much Roger paid over the life of the mortgage. How much interest did Roger pay on the mortgage total? Round your answer to the nearest cent.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 25PROB

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