12. Mortgages.(Hint: P/Y12, House Loan Amount/ (1 Down Payment %) What is the house cost on a 10 percent down mortgage with payments of
a. $3,594.47 per month for 30 years at 4% interest?
b. $8,105.55 per month for 15 years at 9% interest?
c. $6,604.88 per month for 30 years at 15% interest?
d. $9,128.23 per month for 15 years at 11% interest?
CLICK HERE FOR THE SOLUTION
