O'Quinn Pierce
06/20/2024 · Elementary School

Jenelle bought a home for \( \$ 180,000 \), paying \( 22 \% \) as a down payment, and financing the rest at \( 5.8 \% \) interest for 30 years. Round your answers to the nearest cent. How much money did Jenelle pay as a down payment? \$ What was the original amount financed? \$ 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. \$

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Down Payment: **\$39,600** Original Amount Financed: **\$140,400** Monthly Payment: **\$846.49** Total Amount Spent: **\$344,340.40**

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