You wish to take out a $200,000 mortgage. The yearly interest rate on the loan is 4% compounded monthly, and the loan is for 30 years. Calculate the total interest paid on the mortgage.
Round your answer to the nearest dollar.
Do NOT round until you have calculated the final answer.
Do NOT include commas or the dollar sign in your answer.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You wish to take out a $200,000 mortgage. The yearly interest rate on the loan is 4% compounded monthly, and the loan is for 30 years. ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
182.6 is 83% of what number?
Answers (1)
Which of the following best describes the term definition
Answers (1)
If (D) is distance travelled and (R) is the rate of travel, which of the following represnts the relationship between (D) and (R) for the equation d-2r A. D is twice as much as R B. R is twice as much as D C. D is two more than R D.
Answers (1)
Name a fraction that is less than or greater than the given fraction. draw to justify your answer. greater than 1/3 -
Answers (1)
If the area of a circle is 314 centimeters squared what is the diameter of the circle
Answers (1)
New Questions in Mathematics
Lauren reads in the library for 1 hour 15 minutes. She leaves the library at 3:23 pm. at what time did she arrive?
Answers (1)
How How do you solve K+20=9k-4
Answers (1)
If the volume of a cube-shaped box is 729 cubic inches, which equation would you use to determine how many 1-inch cubes could fit along one side?
Answers (1)
Can - 6 1/30 be simplifyed
Answers (2)
Comparing Account Balances In Exercise, $2000 is deposited in an account. Decide which account, (a) or (b), will have the greater balance after 10 years. (a) 6 1/2%, Compounded monthly (b) 6 1/4%, Compounded continuously
Answers (1)