allywilliamson0611 allywilliamson0611
  • 14-03-2024
  • Mathematics
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Ellie and Aaliyah want to buy a $257,000 home. They plan to pay 15% as a down payment, and take out a 30 year loan at 4% interest for the balance.

How much is the loan amount going to be?
What will the monthly payment be?
How much of the 1st payment is interest?
What is the total of payments?
How much interest was paid?

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