Coles Chambers
01/24/2023 · Junior High School

Jenelle bought a home for \( \$ 180,000 \), paying \( 22 \% \) as a down payment, and financing the rest at \( 5.8 \% \) intere for 30 years. Round your answers to the nearest cent. How much money did Jenelle pay as a down payment? \$ 39,600 What was the original amount financed? \( \$ 140,400 \) What is her monthly payment? \$ If Jenelle makes these payments every month for thirty years, determine the total amount of money she will spend on this home. Include the down payment in your answer. \$

Upstudy ThothAI Solution

Tutor-Verified Answer

Quick Answer

Monthly payment: \$819.36 Total amount spent on the home: \$335,361.60

Step-by-step Solution

Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text

Enter your question here…

By image
Re-Upload
Uploaded Files
xxxx.png0%
Submit
📸 STUDY CAN BE A REAL STRUGGLE
Why Not UpStudy It?
Select your plan below
Premium

You can enjoy

  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to answer and
    solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic
  • Limited Solutions