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house is 625,000 janos making a downpayment in cash for 15% of the purchase price and...

house is 625,000 janos making a downpayment in cash for 15% of the purchase price and is borrowing the remainder from 1st trust, , the bank is chargin and APR of 5.28 and is requiring him to make monthly payments on his loan for the next 30 years then it will be full, calculate the monthly payment on this loan?

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Answer #1

Howe = 625000 anos Downpayment = 699000 x 15 % = 93750 Borrowing amount = 695000-93750 - 531250 72 n Now, this borrowing mont

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