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How much did she pay for her house

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Reference no: EM132459659

Problem: Lisa just purchased a house in West Vancouver with the down payment of $300,000 and a 25-year mortgage. Currently, her monthly payment is $3,500 and her mortgage rate is 3.27% annually.    

Question 1: How much did she pay for her house?

Question 2: How much would be the balance of her mortgage after 12 payments?

Question 3: How much were the principal payment and interest payment of the 24th payment?

Reference no: EM132459659

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