Question
**** Multiple Answer Question **** **** Select ALL correct answers **** We just made the 30th payment on our 10-year, 6% mortgage. The original loan
**** Multiple Answer Question **** **** Select ALL correct answers **** We just made the 30th payment on our 10-year, 6% mortgage. The original loan amount was $200,000 and our monthly payment (without the tax and insurance escrow amounts) is $2,220.41. After our 30th payment how much is left to repay on our original loan amount? How much total interest will we pay over the life of this loan? Helpful items: PVIFA(0.5%,120)=90.07345333 PVIFA(0.5%,90) =72.33129958 PVIFA(0.5%,30) =27.79405397
Group of answer choices
Remaining mortgage balance after the 30th payment is $133,387.70
Remaining mortgage balance after the 30th payment is $150,000.00
Remaining mortgage balance after the 30th payment is $160,605.14
The total interest paid over the life of the loan is $66,449.20
The total interest paid over the life of the loan is $266,449.20
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