Posted by **MONICA** on Saturday, November 26, 2011 at 1:55pm.

Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 40% down. Assume that the monthly cost to finance $1,000 is $6.00. What is the total amount of interest paid on the 30 year loan?

I need help.Steps please.

## Answer this Question

## Related Questions

- algebra with application - Suppose that you want to purchase a home for $450,000...
- algebra - Suppose that you want to purchase a home for $450,000 with a 30 year ...
- algebra with application - Suppose that you want to purchase a home for $450,000...
- Finance - Suppose that you want to purchase a home for $450,000 with a 30 year ...
- Math - Suppose that you want to purchase a home for $450,000 with a 30 year ...
- math - Suppose that you want to purchase a home for $450,000 with a 30 year ...
- math - Suppose that you want to purchase a home for $450,000 with a 30 year ...
- Please Help - Suppose that you want to purchase a home for $450,000 with a 30 ...
- math - Suppose that you want to purchase a home for $450,000 with a 30 year ...
- Finance - Say that you purchase a house for $270,000 by getting a mortgage for $...