Laura and Martin obtain a 20-year, $170,000 conventional mortgage at 8.5% on a house selling for $190,000. Their monthly mortgage payment, including principal and
interest, is $1475.60.
a) Determine the total amount they will pay for their house.
b) How much of the cost will be interest?
c) How much of the first payment on the mortgage is applied to the principal?

Question

01-04-2022
Mathematics

Answered

At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Experience the ease of finding accurate answers to your questions from a knowledgeable community of professionals. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Laura and Martin obtain a 20-year, $170,000 conventional mortgage at 8.5% on a house selling for $190,000. Their monthly mortgage payment, including principal and
interest, is $1475.60.
a) Determine the total amount they will pay for their house.
b) How much of the cost will be interest?
c) How much of the first payment on the mortgage is applied to the principal?

Sagot :

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.

Write the number 360, but use ONLY THREE SEVENS and mathematic operators

Which statement is true for single-celled organisms? A. They are often harmless. B. They always cause disease. C. They only live inside humans. D. They reproduc

How can natural selection affect a predator-prey relationship in an ecosystem? Choose all answers that are correct. A. Predator and prey populations are both af

Alicia got 60 questions correct on her science test. If she received a score of 75% , how many questions were on the test?????

A company donates 1% of every customer purchase made on their store credit card to charity. This company had one store location that donated a total of $19,932.

a pool is being drained at a rate of 120 gallons per minute. what is this rate in quarts per hour?

Franklin D. Roosevelt was the president during the Great Depression. He said, "The only thing we have to fear is fear itself." Explain what these words might ha

One aspect of the president's relationship with Congress is that the Congress must approve any request from the president for military funding president must

The most reasonable explanation for why energy conversions are necessary is because _______. Select one: a. different types of work require different types of e

5.All of the reactions of glucose oxidation that follow glycolysis, and involve the transfer of electrons to their final acceptor, take place in eukaryotic cell