Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 11, 2023

If I have a monthly payment on my 30-year mortgage of $1585, how much will I pay total for my house? If my house

If I have a monthly payment on my 30-year mortgage of $1585, how much will I pay total for my house? If my house costs $290000, how much of that will be interest?

Step by Step Solution

★★★★★

3.33 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

Answer To calculate the total amount you will pay for your house over the 30year mortgage period and ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Thomas Garman, Raymond Forgue

12th edition

9781305176409, 1133595839, 1305176405, 978-1133595830

More Books

Students also viewed these Mathematics questions

Question

★★★★★

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...

Answered: 1 week ago

Question

★★★★★

For each problem, show your work steps. A correct answer with no work shown gets half credit (which means you fail the assignment). An incorrect answer with no work receives 0 credit. With time value...

Answered: 1 week ago

Question

★★★★★

You have found three investment options for a one-year deposit: 10% compound APR monthly, 11% compound APR annually, and 9% compound APR daily. Calculate the EAR for each investment option. (Suppose...

Answered: 1 week ago

Question

★★★★★

In Exercises 8385, use a graphing utility to graph each circle whose equation is given. Use a square setting for the viewing window. x + 10x + y - 4y - 20 = 0

Answered: 1 week ago

Question

★★★★★

What is underpricing, and why is it a cost to the stockholders?

Answered: 1 week ago

Question

★★★★★

A chicken farmer can buy a special food mix A at 20 per pound and a special food mix B at 40 per pound. Each pound of mix A contains 3,000 units of nutrient N 1 and 1,000 units of nutrient N 2 ; each...

Answered: 1 week ago

Question

★★★★★

What will you watch and listen for to be sure the students are making the most of the experience?

Answered: 1 week ago

Question

★★★★★

Identify a process that you encounter on a daily basis, such as the lunch cafeteria or the journey from your home to school / work. What are the bottlenecks that limit the through put of this...

Answered: 1 week ago

Question

★★★★★

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $734. Selected data for the company's operations last year follow:...

Answered: 1 week ago

Question

★★★★★

Manitoba Exporters Inc. (MEI) sells Inuit carvings to countries throughout the world. On December 1, Year 5, MEI sold 10,000 carvings to a wholesaler in a foreign country at a total cost of 600,000...

Answered: 1 week ago

Question

★★★★★

A fixed-mass system contains water and undergoes a Thermodynamic Cycle which consists of two processes: Process A from state 1 to state 2, followed by Process B from state 2 to state 1. Also given...

Answered: 1 week ago

Question

★★★★★

For a set of 70 coin flips, we record 21 heads and 49 tails. 1) If p is the true probability of heads, what is our best estimate for p here? 2) What is our best estimate for the standard deviation

Answered: 1 week ago

Question

★★★★★

Question 1 Corinth Biotech Limited (CBL) started operations in January 2018. CBL reports under IFRS. The following activities occurred during the year: 1. On January 31, 2018, the shareholder, John...

Answered: 1 week ago

Question

★★★★★

Andreti Company has a single product called a Dak. The company normally produces and sells 86,000 Daks each year at a selling price of $56 per unit The company's unit costs at this level of activity...

Answered: 1 week ago

Question

★★★★★

Please slove fast and use Australian taxation law for reference Steve is an editor employed full time at a major Australian book publisher "WritePublishing". In his spare time, Steve enjoys writing...

Answered: 1 week ago

Question

★★★★★

What is the cerebrum?

Answered: 1 week ago

Question

★★★★★

In the "bad apple bad barrel" analogy, the bad barrel refers to which of the following? Group of answer choices Indifferent management Unethical employees A criminal organization An unethical...

Answered: 1 week ago

Question

★★★★★

You are interested in investing and are considering a portfolio comprised of the following two stocks. Their estimated returns under varying market conditions are provided: (note: it is difficult to...

Answered: 1 week ago

Question

★★★★★

1. Give three examples of the types of website resources available to investors on the internet. 2. List five places where you can obtain investment information on a specific stock. 3. Distinguish...

Answered: 1 week ago

Question

★★★★★

1. Describe the types of losses covered under the property insurance portion of a homeowners policy. 2. Give three examples of liability protection under homeowners insurance policies. 3. Name the...

Answered: 1 week ago

Question

★★★★★

1. Identify two actions that should be performed before establishing a budget. 2. What are budget estimates? Offer some suggestions on how to go about making budget estimates for various types of...

Answered: 1 week ago

Question

★★★★★

Victor cannot find the original record of his purchase four years ago of units of the Imperial Global Fund. The current statement from the fund shows that the total current value of the units is...

Answered: 1 week ago

Question

★★★★★

What rate of return in the second year of an investment will wipe out a 50% gain in the first year?

Answered: 1 week ago

Question

★★★★★

After two consecutive years of 10% losses, what rate of return in the third year will produce a cumulative loss of 30%?

Answered: 1 week ago

Previous Question Next Question