November 30, 2015

Homework Help: ALGEBRA

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.

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