If a Home Sells for $150,000 with One-Third Down at a Rate

question 65

Short Answer

If a home sells for $150,000 with one-third down at a rate of 11% for 25 years, calculate (A)amount of mortgage and (B)the monthly payment.

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Definitions:

Animals

Multicellular, eukaryotic organisms of the kingdom Animalia that are characterized by their ability to move, reproduce sexually, and consume organic material.

Major Lineage

A principal branch or group in the evolutionary tree that represents a large division of organisms sharing a common ancestor.

Fungi

A kingdom of organisms that includes yeasts, molds, and mushrooms; characterized by their absorption of food and importance in ecological and human health.

Unstable Isotopes

Isotopes of chemical elements that exhibit radioactive decay due to an imbalance in nuclear particles.