Essay
A building sells for $350,000.00. The buyer makes a 20% down payment and obtains a 30-year
mortgage at 6.5%
(i)Find the down payment.
(ii)Find the amount of the mortgage.
(iii)Find the monthly payment.
(iv)Find the total interest paid. 
Correct Answer:
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(i)Down payment = $70,000.00
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