- 3 You Have Just Purchased A 300 000 Home Your Down Payment Was 25 000 So Your Mortgage On The Home Is 275 000 You 1 (51.1 KiB) Viewed 54 times
3. You have just purchased a $300,000 home. Your down payment was $25,000, so your mortgage on the home is $275,000. You
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3. You have just purchased a $300,000 home. Your down payment was $25,000, so your mortgage on the home is $275,000. You
3. You have just purchased a $300,000 home. Your down payment was $25,000, so your mortgage on the home is $275,000. You were able to obtain a 20-year (240 months) mortgage from your financial institution at a nominal annual rate of 4.8%. Your monthly payments will be made at the end of each month. What is your monthly payment? 1. $1,784.63 2. $1,807.84 3. $1,873.48 4. $1,939.12 5. $1,946.87