Author Question: John just bought a house. He made a $20,000 down payment and financed the balance with a 22-year ... (Read 104 times)

Shelles · **on:** May 5, 2020

Question 1

Dan has a 30-year mortgage loan of $120,000 with an interest rate of 6.6%. How much interest will he pay over the life of the loan? Round your answer to the nearest dollar.
◦ $15,990
◦ $155,000
◦ $160,000
◦ $155,900
◦ $16,000

Question 2

John just bought a house. He made a $20,000 down payment and financed the balance with a 22-year home mortgage loan with an interest rate of 6% compounded monthly. His monthly mortgage payment is $875. What was the selling price of the house? Round your answer to the nearest dollar.
◦ $148,097
◦ $128,242
◦ $148,737
◦ $127,078
◦ $147,445

cadimas · **Reply #1 on:** May 5, 2020

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 30% of students answer this correctly