38.5k views
5 votes
Tom owns a $160,000 home, for which he has a 30-year mortgage in the amount of $900 a month. Once he has paid off the mortgage, how much will he have paid in interest?

Tom owns a $160,000 home, for which he has a 30-year mortgage in the amount of $900 a-example-1
User Bowofola
by
6.7k points

2 Answers

4 votes
164,000 in interest
User ZHAO Xudong
by
7.9k points
5 votes

A he will pay $164,000

User Melynda
by
6.6k points