A woman buys a house for [tex]$315,000. She pays $[/tex]40,000 down and takes out a mortgage
if the length of the mortgage is
(a) 15 years; (b) 20 years; (c) 25 years.
(d) When will half the 20-year loan be paid off?
(a) For the 15-year mortgage, the woman will make monthly payments of [tex]$☐ -
(Do not round until the final answer. Then round to the nearest cent.)
The total amount of interest the woman will pay is $[/tex]
(Do not round until the final answer. Then round to the nearest cent.)