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Lindsey took out an 80/20 mortgage to buy a house costing $145,000. The

first (80%) mortgage has an interest rate of 4.75%, and the second (20%)
mortgage has an interest rate of 7.525%. Both the first mortgage and the
second mortgage are 30-year fixed-rate mortgages. What is her monthly
payment on the first mortgage?

User Redsquare
by
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2 Answers

5 votes

Answer:

605.11 !!!

Explanation:

User Robottobor
by
4.8k points
1 vote

Answer:

605.11

Explanation:

User Itzik
by
4.4k points