Unformatted text preview: A. Simple interest/discount B. Compound interest C. Ordinary Annuity/Sinking Fund D. Annuity Due E. Present value of an Annuity/Amortization 33. Kareem Adams buy a house for $285,000. He pays $60,000 down and takes out a mortgage at 6.9% on the balance. Find his monthly payment and the total amount of interest he will pay if the length of the mortgage is 15 years. Name this type of problem. A. Simple interest/discount B. Compound interest C. Ordinary Annuity/Sinking Fund D. Annuity Due E. Present value of an Annuity/Amortization...
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This note was uploaded on 09/21/2009 for the course DS 71 taught by Professor Wright during the Spring '08 term at CSU Fresno.
 Spring '08
 WRIGHT

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