Consumer math Worksheet Mortgage payment & GDSR ...
Mortgage payment & GDSR calculations Solutions Solutions: c),d), and e) House price $240,000 Downpayment $48,000 20% of the house value Mortgage $192,000 Interest rate 8.75% 25 years Amortization period Amotization factor $8.12 per $1000 mortgage Monthly payment $1,559.04 Number Payment Monthly payment Interest Payment Principal Payment ................
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