Instructions

Question $2$

Mortgage Monthly Payment and Total Interest

Use the information in the chart below on the line that corresponds to your assigned number, to answer the following questions. Be sure to show all the steps you took to reach your answers.

What will your monthly mortgage payment be$?$ Do not round any intermediate computations. Round your final answer to the nearest cents.

Assuming you take the full term of the mortgage,

how much will you have paid?

how much total interest will you have paid?

what percent of the total that you paid was interest? Assigned: # $33$

Price of the House: $340,000$

Mortgage Interest Rate: $6\mathrm{.}1$

Term of Mortgage in years: $15$