Business, 15.05.2021 08:55
josh Paltrow and his wife Susan are buying their first home for $125,000. They ve been granted a mortgage loan at an annual interest rate of 8.5 percent for 20 years with a $25,000 down payment. Closing costs are 2 percent of the amount of the mortgage loan and will be financed as part of the mortgage. What is the actual amount financed with the mortgage ?