question archive Richard Miyashiro purchased a condominium and obtained a 30-year loan of $196,000 at an annual interest rate of 8
Richard Miyashiro purchased a condominium and obtained a 30-year loan of $196,000 at an annual interest rate of 8
Subject:MathPrice:2.87 Bought7
Richard Miyashiro purchased a condominium and obtained a 30-year loan of $196,000 at an annual interest rate of 8.20%. (Round your answers to the nearest cent.)
(a) What is the mortgage payment?
$
(b) What is the total of the payments over the life of the loan?
$
(c) Find the amount of interest paid on the mortgage loan over the 30 years.
$
$
(b) What is the total of the payments over the life of the loan?
$
(c) Find the amount of interest paid on the mortgage loan over the 30 years.
$
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