A house sells for $268,500 and a 40% down payment is made. A 30-year mortgage at 7% was
obtained.
(i)Find the down payment.
(ii)Find the amount of the mortgage.
(iii)Find the monthly payment.
(iv)Find the total interest paid. 
Definitions:
Collective Bargaining
Negotiations between union and management to obtain agreements on wages, working conditions, and other issues.
Labor Force
The total number of employed and unemployed people.
Exerting Power
The act of implementing or applying force, authority, or influence over others to achieve a desired outcome.
Union Membership
The state of belonging to a labor union, which is an organization that represents the collective interests of workers in negotiations with employers regarding wages, working conditions, and benefits.
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