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What is the monthly payment on a home mortgage of 90,000 for 30 years at 11.5%? How much interest would you end up paying?
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5 votes
What is the monthly payment on a home mortgage of 90,000 for 30 years at 11.5%? How much interest would you end up paying?

User Zyexal
by
5.4k points

1 Answer

5 votes

Explanation:

Interest=90,000*30*11.5/100

=3105000

Monthly payment =310500/12

=25875

User Ospahiu
by
5.8k points
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