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Jacob will pay a monthly payment of $650.12 on a fixed rate mortgage over 20 years. What is the total principal and interest for the life of this mortgage rounded to the nearest dollar? I think maybe D.
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Jacob will pay a monthly payment of $650.12 on a fixed rate mortgage over 20 years. What is the total principal and interest for the life of this mortgage rounded to the nearest dollar? I think maybe D.

A. $234,043


B. $13,002


C. $195,036


D. $156,029

User Michael Biermann
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2 Answers

1 vote

I think the answer is D

User Nigel Ren
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4 votes

I believe the answer is d. 156,029

User Duha
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5.4k points
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