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Nancy Karnes Bought a Home for $143,000 with a Down

Question 4

Short Answer

Nancy Karnes bought a home for $143,000 with a down payment of $15,000. Her rate of interest is 9% for 35 years. Calculate her:
A. Monthly payment
B. First payment broken down into interest and principal
C. Balance of mortgage at end of month

Correct Answer:

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A. $1,003.52;
B. $96...

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