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Esmerelda buys a house for $450000. She makes a 20% downpayment on the house and for...

Esmerelda buys a house for $450000. She makes a 20% downpayment on the house and for the remaining balance takes out a 30-year mortgage at 4.25% annual interest compounded monthly. a. What are her monthly payments? (1 point) dollars Show your work: (12 points) b. 20 years into the mortgage, she inherits enough money to pay off the remaining balance. How much is the remaining balance? (1 point) dollars Show your work: (3 points)

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jeff jeffy answered 1 year ago
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