Homework Help: Real Estate

Posted by Shayla on Wednesday, December 22, 2010 at 10:51pm.

Smith purchases a home and obtains a $65,000 loan. The principal and interest payments are $8.54 per $1,000. The loan is for 30 years at 9%. How much does Smith pay in total interest over the life of the loan?

No one has answered this question yet.

Answer this Question

Related Questions

Real Estate Finance - A $100,000, 30 year fixed rate mortgage at 8% interest has...
financial management - suppose you purchase a home for $150,000.and obtain a 90...
math(simple interest) - A $9,000 loan is to be repaid in three equal payments ...
Real Estate Finance - A borrower wants to qualify for a $185,000 FHA insured ...
Loan - Borrower Brown borrowed $8,000 from the bank. He will pay 6% simple ...
Finance - Mrs. Smith borrowed $20,000 from Last National Bank. She will repay ...
Real Estate Financing - "Mr. Smith acquired a property consisting of one ...
Business Finance - Assume a bank loan requires a interest payment of $85 per ...
Math - You wish to purchase a house for $200,000 with 20% down. You will have it...
Fiancial Management - You decide to purchase a building for $30,000, you put $5,...

For Further Reading

First Name:
School Subject:
Answer: