miyamasci6 miyamasci6
  • 23-02-2024
  • Mathematics
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The cost of a home on a particular island is $1, 000, 000. The bank requires a 15% down payment and three points at the time of closing. The cost of the home is financed with a 30-year fixed mortgage at 8% interest.
(b) Find the amount of the mortgage.

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