Ask Question
24 August, 08:20

An individual borrowed?$89000 at an APR of 6?%, which will be paid off with monthly payments of?$638 for 20 years. The number of payments per year

+1
Answers (1)
  1. 24 August, 08:48
    0
    Answer: Total payments = $153,120

    Interest paid = $64,120

    Step-by-step explanation:

    $638 x 12 months x 20 years = $152,120

    Paid: $152,120

    Borrowed: $89,000

    Difference: $64,120
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An individual borrowed?$89000 at an APR of 6?%, which will be paid off with monthly payments of?$638 for 20 years. The number of payments ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers