Question 10.5 pts

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?

Group of answer choices

$1,183.93

$620,008.49

$259,594.06

$211,758.49

Flag question: Question 2Question 20.5 pts

Justin borrows $315,000 for a home mortgage with monthly payments. The mortgage is for 23 years at 2.97% interest. How much total interest will Justin pay over the life of the loan?

Group of answer choices

$315,000.00

$120,117.82

$435,117.82

$779.63

Flag question: Question 3Question 30.5 pts

Cameron borrows $180,000 for a home mortgage with monthly payments. The mortgage is for 15 years at 3.68% interest. How much total interest will Cameron pay over the life of the loan?

Group of answer choices

$552.00

$234,496.49

$54,496.49

$180,000.00

Flag question: Question 4Question 40.5 pts

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)?

Group of answer choices

$344.09

$4,228.97

$594.63

$938.72

Flag question: Question 5Question 50.5 pts

Andrea has a 35-year home mortgage. She borrowed $500,000 at a rate of 3.70% (fixed). How much of her first monthly mortgage payment will go towards principal (as opposed to interest)?

Group of answer choices

$1,541.67

$7,207.93

$2,124.81

$583.14

Flag question: Question 6Question 60.5 pts

Carly has a 34-year home mortgage. She borrowed $153,000 at a rate of 3.55% (fixed). How much of her first monthly mortgage payment will go towards principal (as opposed to interest)?

Group of answer choices

$452.63

$193.64

$646.26

$2,388.33

Flag question: Question 7Question 70.5 pts

Alex has a 32-year home mortgage. He borrowed $350,000 at a rate of 3.42% (fixed). How much of his first monthly mortgage payment will go towards interest (as opposed to principal)?

Group of answer choices

$503.09

$996.07

$226,226.89

$997.50

Flag question: Question 8Question 80.5 pts

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)?

Group of answer choices

$144,601.51

$617.88

$618.75

$314.59

Flag question: Question 9Question 90.5 pts

Mark borrows $87,800 for a home mortgage. The mortgage is for 12 years at 2.87% interest. If Daniel makes an extra principal payment of $80 per month, how much will he pay in total interest over the life of the loan?

Group of answer choices

$16,089.21

$49,780.53

$14,134.10

$101,934.10

Flag question: Question 10Question 100.5 pts

Carl borrows $246,350 for a home mortgage. The mortgage is for 17 years at 3.92% interest. If Carl makes an extra principal payment of $150 per month, how much will he pay in total interest over the life of the loan?

Group of answer choices

$91,521.44

$80,275.04

$326,625.04

$804.74