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Mr. and Mrs. Smith plan to buy a house in Cinco Ra...




Mr. and Mrs. Smith plan to buy a house in Cinco Ranch in October 2010. The purchase price of the house is $580,000. They plan to pay 20% down payment and borrow the remaining 80% from ABC Bank with a 15 year, 4% fixed rate mortgage loan. They are expected to pay an equal monthly payment staring from November 1, 2010 for a total of 15 years. a Calculate the required monthly payment for them b construct a 2010-2011 amortization table till end of Dec 2011 c Compute the total mortgage interest payments which the Smiths can use on their 2010 deductions,Rachel, I was unable to open this attachment can you resend it? Thank you so much for your help. I am going to recommend you. I am very pregnant and it has been a hard day. I appreciate all your help. Thank you-Lisa


Paper#10118 | Written in 18-Jul-2015

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