SOLUTION: James purchased a home selling for $89,900 with a 15% down payment. The period of the A) mortgage is 30 years, and the interest rate is 11.5% with no points. Determine: B) am

Algebra ->  Rate-of-work-word-problems -> SOLUTION: James purchased a home selling for $89,900 with a 15% down payment. The period of the A) mortgage is 30 years, and the interest rate is 11.5% with no points. Determine: B) am      Log On


   



Question 1119740: James purchased a home selling for $89,900 with a 15% down payment. The period
of the
A) mortgage is 30 years, and the interest rate is 11.5% with no points. Determine:
B) amount of the down payment.
C) monthly payment of principal and interest.
D) amount of the first payment applied to the principal total cost of the house
E) total interest paid

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