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- Asking Price: $285,000-will pay asking price
- Real Estate Taxes: 1990.53
- 30- Year Fixed Interest Rate: 30 Year Fixed 3.47%
. Compute the down payment, amount financed, and the monthly mortgage
payment (showing how to use the appropriate financial formula).
Down Payment: $57,000Amount Financed: $228,000
285,000 – 57,000 = 271,920
Monthly Mortgage Payment: (I need help computing the monthly payment and formula)