The bells obtain a 20-year, $90,000 conventional mortgage at a 8.5% rate on a house selling for $130,000. their monthly mortgage
payment, including principal and interest, is $781.20. They also pay 3 points at closing.
a) determine the total amount the bells will pay for their house.
b) how much of the cost will be interest (including the 3 points)?
c) how much of the first payment on the mortgage is applied to the principal?
1 answer:
You might be interested in
Answer:
Logically, the answer is either 12 or 42
Answer:
2.19x=y
Hope this helps!
Answer:
Step-by-step explanation:
The answer is A. 5/12
Hope it helped!
A because 3+8=11miles direct