(Answered) The washingtons decide to buy a 400000 home by putting a 20

Economics

The Washingtons decide to buy a $400,000 home by putting a 20% down payment and financing the balance with a 30-year fixed mortgage at 4.2%.

a. What is the amount of the monthly payment for their mortgage?

b. What is the total interest paid on the mortgage at the end of 30 years?

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Business Economics, Economics

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