Mathematics, 11.03.2021 18:20 oliup567

The Thornberries are buying a $700,000 home. They have been approved for a 2.51% APR, 25-year mortgage. They made a 25% down payment and will be closing January 25th. There are 31 days in January. a. what is their interest on the loan for one year?

b. what is the daily interest?

c. how much should they expect to pay in prepaid interest at the closing?

Answers

Answer from: bakerj5203

I think it’s gonna be A

Answer from: nanda22

a. 17,570 b. 48.14

Step-by-step explanation:

Answer from: Quest

step-by-step explanation:

this is not a question

Answer from: Quest

answer: i believe the answer is e

step-by-step explanation:

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The Thornberries are buying a $700,000 home. They have been approved for a 2.51% APR, 25-year mortga...