The Trivedis bought a house for
$
287
,
300
. They paid the sellers a
10
%
down payment and obtained a simple interest amortized loan for the balance from their bank for the remainder, at
7
3
8
%
for
t
h
i
r
t
y
y
e
a
r
s
. The bank in turn paid the sellers the loan amount, less a
5
%
sales commission paid to the sellers’ and the buyers’ real estate agents. The bank charged them
2
points plus fees totaling
$
2
,
312.44
; of these fees,
$
1
,
723.93
were included in the finance charge. Find:
a. the Trivedis’s monthly payment
b. the
A
P
R
(round to the nearest hundredth of
1
%
c. the total finance charge
d. the amount that the sellers are paid for their house