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Randall is purchasing a home priced at 220,000he agrees on 4.7% intrest over 20 years and the bank tells him that’s after his down payment his monthly payment will be 1280.93 wh…

Randall is purchasing a home priced at 220,000he agrees on 4.7% intrest over 20 years and the bank tells him that’s after his down payment his monthly payment will be 1280.93 wh…
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Randall is purchasing a home priced at 220,000he agrees on 4.7% intrest over 20 years and the bank tells him that’s after his down payment his monthly payment will be 1280.93 what will Randall payment be over lifetime of mortgage

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User Lokathor
by
8.5k points

1 Answer

3 votes

9514 1404 393

Answer:

307,423.20

Explanation:

Randall's total of monthly payments is ...

(1280.93/mo)(240 mo) = 307,423.20

answered
User Satels
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8.1k points
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