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 one year ago
Your parents are buying a house for $180,000. They have a good credit rating, are making a 20% down payment, and expect to pay $1,500/month. The interest rate for the mortgage is 4%. What must their realized income be before each month and how much interest is accrued at the end of the second month?
 one year ago
Your parents are buying a house for $180,000. They have a good credit rating, are making a 20% down payment, and expect to pay $1,500/month. The interest rate for the mortgage is 4%. What must their realized income be before each month and how much interest is accrued at the end of the second month?

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