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The Youngs bought a $ 311,000 townhome. They made a down payment of $ 42,000 and took out a mortgage for the rest. Over the
The Youngs bought a townhome. They made a down payment of and took out a mortgage for the rest. Over the course of years they made monthly payments of on their mortgage until it was paid off.
$311,000
$42,000
15
$2,269.98
a) | What was the total amount they ended up paying for the townhome (including the down payment and monthly payments)? |
b)How much interest did they pay on the mortgage?
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