# Finance

posted by
**linda** on
.

shawn bought a home for $100,000. he put 20% down and obtained a mortguage for 30 years at 5 1/2%. what is the total cost of the loan? can you show me how this is worked out?

posted by
**linda** on
.

shawn bought a home for $100,000. he put 20% down and obtained a mortguage for 30 years at 5 1/2%. what is the total cost of the loan? can you show me how this is worked out?