Question
Mr. Stevens has just taken out $185,000 mortgage at an interest rate of 3.6% [Annual rate]. The mortgage calls for equal monthly payments for 15
Mr. Stevens has just taken out $185,000 mortgage at an interest rate of 3.6% [Annual rate]. The mortgage calls for equal monthly payments for 15 years. What is the total interest paid over the life of the loan? (Approximately)
|
| $54,695 |
|
| $28,795 |
|
| $72,000 |
|
| $65,973 |
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
