Answer on Other Management Question for Patrisia reed
0.25*108000=27000& down payment
108000-27000=81000 mortgage for 30 years
0.09*81000=7290 total interest cost of the loan
81000+7290=88290 total mortgage for 30 years
88290/30/12=245.25 monthly payment
Answer: 245.25 monthly payment, 7290 total interest.
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