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Jack will pay a monthly payment of $1149.02 on a fixed rate mortgage over 25 years. What is the total principal interest for the life of his mortgage rounded to the nearest dollar? A) $28,725 B) $275,765
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Jack will pay a monthly payment of $1149.02 on a fixed rate mortgage over 25 years. What is the total principal interest for the life of his mortgage rounded to the nearest dollar?

A) $28,725
B) $275,765
C) $344,706
D) $413,647

User Awongh
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1 Answer

3 votes

I believe the answer is c.

User Alfredox
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