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Mathematics 22 Online
jakesgitties:

Can someone please help me with this question? Eric took out an 80/20 mortgage to buy a $175,000 house. The first (80%) mortgage has an interest rate of 4.25%, and the second (20%) mortgage has an interest rate of 7.525%. Both mortgages are 30-year fixed-rate mortgages. What is the total mortgage payment for this house?

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