A couple has decided to purchase a $250000 house using a down payment of $12000....
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Accounting
A couple has decided to purchase a $250000 house using a down payment of $12000. They can amortize the balance at 5% over 25 years. a) What is their monthly payment? Answer = $ b) What is the total interest paid? Answer = $ c) How much of their first payment went toward paying interest? Answer = $ d) How much of their first payment went toward paying the balance of the loan. Answer = $
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