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Patrick borrows $584,700 for a home mortgage. The mortgage is for 36 years at 3.56% interest. If Patrick makes an extra principal payment of $250
Patrick borrows $584,700 for a home mortgage. The mortgage is for 36 years at 3.56% interest. If Patrick makes an extra principal payment of $250 per month, how much will he pay in total interest over the life of the loan? $453,355.48$950,096.08$1,734.61$365,396.08 Question 3 0.5 pts Jimmy borrows $225,000 for a home mortgage with monthly payments. The mortgage is for 30 years at 3.75% interest. How much total interest will Jimmy pay over the life of the loan? $225,000.00 $703.13 $375,123.63 $150,123.63 Melanie borrows $408,250 for a home mortgage. The mortgage is for 31 years at 3.48% interest. If Melanie makes an extra principal payment of $200 per month, how much will she pay in total interest over the life of the loan? $1,183.93$620,008.49$259,594.06$211,758.49 Question 8 0.5pts John has a 33-year home mortgage. He borrowed \$225,000 at a rate of 3.30\% (fixed). How much of his first monthly mortgage payment will go towards interest (as opposed to principal)? $617.88 $618.75 $314.59 Luke has a 30-year home mortgage. He borrowed $213,000 at a rate of 3.35% (fixed). How much of his first monthly mortgage payment will go towards principal (as opposed to interest)? $344.09$938.72$594.63$4,228.97 Question 10 0.5pts Ashley borrows $131,500 for a home mortgage. The mortgage is for 16 years at 3.78% interest. If Ashley makes an extra principal payment of $60 per month, how much will she pay in total interest over the life of the loan? $414.23 $43,950.56 $171,543.44 $40,043.44
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