Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Please help also how did u get ur answer
Your friends are purchasing a house for $182,000.

If they put 20% down, how much will they borrow for their mortgage?


The bank agreed to an APR of 3.15% for a 15 year mortgage. According to Excel, the monthly mortgage payment would be $1016.02. If your friends accept this loan, how much will they pay in total over the lifetime of the loan?

How much would be paid on interest over the life of the loan>

Sagot :

$182,883 , and they will add the principal
We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.