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## You are applying for an 80/20 mortgage to buy a house costing $100,000. The first (80%) mortgage has an interest rate of 4.75%, and th

Question

You are applying for an 80/20 mortgage to buy a house costing $100,000.

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 will the total

amount of the mortgage be?

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2021-07-19T08:06:16+00:00
2021-07-19T08:06:16+00:00 1 Answers
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## Answers ( )

Answer:$200,703.60

Step-by-step explanation:this is the is the answer, i used a tvm solver