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Calculate the monthly payments of a 30-year fixed-rate mortgage at 5.75 percent for $166,500. How much interest is paid over the life of the loan?

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Calculate the monthly payments of a 30-year fixed-rate mortgage at 5.75 percent for $166,500. How much interest is paid over the life of the loan? Click on the table icon to view the Monthly Installment Loan Payment Factor (MILPF) table: The monthly payments of a 30-year fixed-rate mortgage at 5.75% for $166,500 is \& (Round to the nearest cent.)

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