76.7k views
0 votes
Danelle and Jim Baraja have obtained a $70,000 mortgage loan at an annual interest rate of 6.00 for years. What is the monthly payment, total amount paid, and the total interest?

Danelle and Jim Baraja have obtained a $70,000 mortgage loan at an annual interest-example-1
User Noya
by
9.2k points

1 Answer

4 votes
Total Paid:$147,060.36
Monthly payment $408.50
Total Interest Paid $77,060.36
Hope I helped!!
User Saif Asif
by
8.2k points