Mathematics

25 September, 10:44

You borrow $199,000 to buy a house. the mortgage rate is 5.5 percent, compounded monthly. the loan period is 30 years, and payments are made monthly. if you pay for the house according to the loan agreement, how much total interest will you pay?

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “You borrow $199,000 to buy a house. the mortgage rate is 5.5 percent, compounded monthly. the loan period is 30 years, and payments are ...” 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

You Might be Interested in

Simplfy : (8 (x-1) ^2) / (6 (x^2-1))

What's a real world problem for 1/3x+10=3/5x?

Solve for x in the quadratic equation x^2-10x+25=0

Which shows a graph of a linear equation in standard form Ax + By = C, where A = 0, B is positive, and C is negative?

Find two geometric means between 10 and 1250

New Questions in Mathematics

Translate the expression x/2+6•x into words

Mona is planning her son's birthday party and has a budget of $285. The fun zone charges $19 per child. How many children can she have at the party and stay within her budget?

What is the equivalent decimal? Drag the answer into the box to match the fraction. 10/66

How many weeks are in 5 years

What does the equation y = x2 represent as a curve in the set of real numbers2?