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iRoal Portal e Sign ln r Sqn Up Chegg, M I box (433-fmerzulg g cle/X M Your Cl egg.com Reset Pass X CSePub Deci onic Publishi e lome Chegg.com C https://www.csepub.com/exercise/usersanswers/8977690/edit CSePub Home Book Store Independent Authors About Your Cart tems:Total: $99.99 View Cart A couple has ust purchased a home for $437,200.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 3.84% APR with monthy compounding. The mortgage has a term ot 30 years. What is the size ef the loan taken out by the couple? Answer Format: Currency: Round to: 2 decimal places. Enter Answer Here Submit Answer All Problems Next Problem Contact Us Privacy Policy TeTIs Copyright 2018 Conley Smith Publishing. All Right reserved. 8:12 PM O Type here to search 9/26/2018 2Explanation / Answer
VALUE OF HOUSE = 437200
DOWN PAYMENT = 20% OF 437200 = 87440
SO LOAN AMOUNT = 437200 - 87440 = 349760
SIZE OF LOAN TAKEN BY COUPLE = $349760
ANSWER : $349760.00 (THUMBS UP PLEASE)
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