present value of annuity, Algebra

The Fritzes are buying a house that sells for $185,000. The bank is requiring a minimum down payment of 15% for a 30-year mortgage at 5.2% interest. Find (a) the amount of the down payment, (b) the amount of the mortgageon the property with the 15% down payment, and (c) the monthly payment amount.
Posted Date: 4/8/2013 10:34:55 PM | Location : United States







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