You wish to take out a $200,000 mortgage. The yearly interest rate on the loan is 4% compounded monthly, and the loan is for 30 years. Calculate the total interest paid on the mortgage.
Round your answer to the nearest dollar.
Do NOT round until you have calculated the final answer.
Do NOT include commas or the dollar sign in your answer.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You wish to take out a $200,000 mortgage. The yearly interest rate on the loan is 4% compounded monthly, and the loan is for 30 years. ...” 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
Write each numeral in words. 1) 950,046,095
Answers (1)
Can anybody show me the steps to answering this question? 7x - 2z = 4 - xy (solve for x)
Answers (1)
What is 383 divided by 31
Answers (1)
Factor by grouping, 3w? + 4w? + 15w+20
Answers (1)
What is the circumference of the circle? r=6.4
Answers (1)
New Questions in Mathematics
In a rectangle, how do you determine what is length and what is width?
Answers (1)
Amy got a $1,000 loan from her bank, and she had to repay $1,550. What are the principal and interest amounts in this transaction?
Answers (1)
What is 8/9 as a decimal rounded to nearest thousandth
Answers (1)
What is the mean cost of replacing brake pads for four different vehicles ai at the following prices $120,$235,$98,$142
Answers (1)
If f (x) = 1/2 [x], what is f (7.6) •3 •3.5 •3.8 •4
Answers (1)