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masonshields8
masonshields8 masonshields8
  • 31-01-2017
  • Mathematics
Answered

Ken is financing a $355,000 mortgage for 30 years at a fixed rate of 7.55% what is the total cost of the principal and interest after 30 years

Verified Answer :

brandoncarroll16
brandoncarroll16 brandoncarroll16
  • 31-01-2017

So over 30 years (or 3012 = 360 months) you will have paid 2494.38360 = $897,976.80

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