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3 votes
Robert took out an 80/20 mortgage to buy a $100,000 house. The first (80%%)

mortgage has an interest rate of 4.75%, and the second (20%) mortgage has
an interest rate of 7.525%. Both mortgages are 30-year fixed-rate mortgages.
What is the total mortgage payment for this house?

1 Answer

5 votes

Answer:

557.51

Explanation:

TOOK ONE FOR THE TEAM

User Ian MacFarlane
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