You want to buy a $195,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. a.how much is the loan amount going to be ? $____ b.what will your monthly payments be if the interest rate is 5%? $____ c.what will your monthly payments be if the interest rate is 6%? $____
You want to buy a $195,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. a.how much is the loan amount going to be ? $____ b.what will your monthly payments be if the interest rate is 5%? $____ c.what will your monthly payments be if the interest rate is 6%? $____
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 14P
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Q8
You want to buy a $195,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest.
a.how much is the loan amount going to be ?
$____
b.what will your monthly payments be if the interest rate is 5%?
$____
c.what will your monthly payments be if the interest rate is 6%?
$____
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