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The Morgans bought a $319,000 house. They made a down payment of $46,000 and took out a mortgage for the rest. Over the course of
The Morgans bought a $319,000 house. They made a down payment of $46,000 and took out a mortgage for the rest. Over the course of 30 years they made monthly payments of $1636.78 on their mortgage until it was paid off. (a) What was the total amount they ended up paying for the house (including the down payment and monthly payments)? ? s[ (b) How much interest did they pay on the mortgage? $
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