You can afford a $1250 per month mortgage payment. You've found a 30 year loan at 6% interest.

a) How big of a loan can you afford?
b) How much total money will you pay the loan company?
c) How much of that money is interest?

Question

07-11-2022
Mathematics

Answered

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You can afford a $1250 per month mortgage payment. You've found a 30 year loan at 6% interest.

a) How big of a loan can you afford?
b) How much total money will you pay the loan company?
c) How much of that money is interest?

Sagot :

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