Mrs. Jasper has agreed to buy a home with a mortgage (loan) of $354,000. Her monthly payments are $1,550.36. After 30 years of payments, the total amount she would pay is a) $558,129.60 b) $354,000.00 c) $46,510.80 d) $18,604.32
Mrs. Jasper has agreed to buy a home with a mortgage (loan) of $354,000. Her monthly payments are $1,550.36. After 30 years of payments, the total amount she would pay is a) $558,129.60 b) $354,000.00 c) $46,510.80 d) $18,604.32
Chapter11: Property Dispositions
Section: Chapter Questions
Problem 71IIP
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Mrs. Jasper has agreed to buy a home with a mortgage (loan) of $354,000. Her monthly
payments are $1,550.36. After 30 years of payments, the total amount she would pay is
a) $558,129.60
b) $354,000.00
c) $46,510.80
d) $18,604.32
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