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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Maris 2 months 2021-07-19T08:06:16+00:00 1 Answers 3 views 0

Answers ( )

    0
    2021-07-19T08:07:53+00:00

    Answer:

    $200,703.60

    Step-by-step explanation:

    this is the is the answer, i used a tvm solver

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