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A couple has found a house which cost $201,500. They will put down $22,000 and finance the remainder with a 30-year mortgage loan from Bank of America at 4.65% interest (compounded monthly). If they escrow their HOA fees, insurance, and taxes at $334.58 a month;

what will their full monthly payment be?

How much will they pay in interest over the life of the loan?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9498963

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