Red Velvet

Mathematics

3 August, 21:21

x 5.4.45-BE Susan Carver will purchase a home for $160,000 She will use a down payment of 29% and finance the remaining portion at 3.9%, compounded monthly for 15 years Complete parts (a) through (c) below. (a) What will be the monthly payment? Susan will pay $ 834.60 each month (Round to the nearest cent as needed) (b) How much will remain on the loan after making payments for 10 years? The amount remaining on the loan will be $ 45429.24 (Round to the nearest cent as needed.) (c) How much interest will be paid on the total amount of the loan over the course of 15 years The amount of interest that will be paid is $ (Round to the nearest cent as needed.)