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A 30-year fixed-rate mortage has monthly payments of 725 per month and a qouted interest rate of 6.22 per cent year compounded monthly. If a buyer purchases a home wiht the cash proceeds of the mortgage
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A 30-year fixed-rate mortage has monthly payments of 725 per month and a qouted interest rate of 6.22 per cent year compounded monthly.

If a buyer purchases a home wiht the cash proceeds of the mortgage loan plus an additional deposit that equals 15 per cent of the emortgage loan, what is the purchase price of the home?

User Haris Hasan
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13 votes
13 votes
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m mm
User Mbrcknl
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