What monthly payments can you expect to pay

Reference no: EM132062364

Question: You purchase a house for $750,000 and secure a 3% (APR), 30-year loan.

(a) What monthly payments can you expect to pay?

(b) Based upon these monthly payments, what is the total amount paid for the house after 30 years?

(c) If you could afford to make a single, "lump sum" payment at the end o1 the loan period, what would the final payment be (based on monthly compounding)?

Reference no: EM132062364

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