LOOSELEAF PRACTICAL BUSINESS MATH PROCEDURES WITH BUSINESS MATH HANDBOOK
LOOSELEAF PRACTICAL BUSINESS MATH PROCEDURES WITH BUSINESS MATH HANDBOOK
12th Edition
ISBN: 9781259874598
Author: Jeffrey Slater, Sharon M. Wittry
Publisher: McGraw-Hill Education
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Chapter 15, Problem 14ECP

(a)

To determine

The monthly payment of Harriet Marcus for 25years mortgage at 11.5%. If selling price of home is $50,000 and she pays 20% as down payment.

(b)

To determine

The monthly payment of Harriet Marcus for 25years mortgage at 12.5%. If selling price of home is $50,000 and she pays 20% as down payment.

(c)

To determine

The monthly payment of Harriet Marcus for 25years mortgage at 13.5%. If selling price of home is $50,000 and she pays 20% as down payment.

(d)

To determine

The monthly payment of Harriet Marcus for 25years mortgage at 15%. If selling price of home is $50,000 and she pays 20% as down payment.

(e)

To determine

The saving in interest rate, if rate rise to 15% from 11.5% over 25 years. Price of home is $50,000 at 20% down payment.

(f)

To determine

The total saving in interest rate, if rate rise to 11.5% from 15% over 30 years. Price of home is $50,000 at 20% down payment.

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