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The Simpsons are moving into their new home. They purchased it for $250,000 by putting a down payment of $120,000 toward
Posted: Fri Mar 04, 2022 9:38 am
by answerhappygod
- The Simpsons Are Moving Into Their New Home They Purchased It For 250 000 By Putting A Down Payment Of 120 000 Toward 1 (190.02 KiB) Viewed 54 times
The Simpsons are moving into their new home. They purchased it for $250,000 by putting a down payment of $120,000 towards the purchase and paying the balance with a $130,000 mortgage amortized over 20 years at 6.75% per annum (for a 3-year term). At the end of the 3-year term, the interest rate increased by 0.5%. What is the approximate increase in their monthly payment? $29 $34 $39 Х $45