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finance 1 answer below » You plan to purchase a $180,000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 6.25
percent. You will make a down payment of 15 percent of the purchase price. a. Calculate your monthly payments on this mortgage. (Do not round intermediate calculations. Round your answer to
2 decimal places. (e.g., 32.16)) Monthly payment $ View complete question » b. Calculate the amount of interest and, separately, principal paid in the 25th You plan to purchase a $180,000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 6.25
percent. You will make a down payment of 15 percent of the purchase price. a. Calculate your monthly payments on this mortgage. (Do not round intermediate calculations. Round your answer to
2 decimal places. (e.g., 32.16)) Monthly payment $ b. Calculate the amount of interest and, separately, principal paid in the 25th payment. (Do not round intermediate
calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Amount of interest $ Amount of principal $ c. Calculate the amount of interest and, separately, principal paid in the 120th payment. (Do not round
intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Amount of interest $ Amount of principal $ d. Calculate the amount of interest paid over the life of this mortgage. (Do not round intermediate calculations.
Round your answer to 2 decimal places. (e.g., 32.16)) Amount of interest paid $ View less » Jan 17 2014 06:48 PM
