Darby bought a house for $445,000. She finance $356,175 of the purchase price with a 25 year fixed rate mortgage with a 7.15% interest-rate. What is the total cost of the principal and interest after 25 years? (show work)

A = $765,468.00

B = $956,364.00

C = $774,442.25

D = $967,577.25

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12 December, 04:49

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Kian Lindsey · Answer 1

It is B Because you are finding the intrest rate which means find the rate first hen subtract the actual rate to the interest rate

Darby bought a house for $445,000. She finance $356,175 of the purchase price with a 25 year fixed rate mortgage with a 7.15% interest-rate. What is the total cost of the principal and interest after 25 years? (show work)A = $765,468.00B = $956,364.00C = $774,442.25D = $967,577.25