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Darby bought a house for $445,000. She finance $356,175 of the purchase price with a 25 year fixed rate mortgage with a 7.15% interest-rate. What is the total cost of the principal and interest after 25 years? (show work)

A= $765,468.00
B= $956,364.00
C= $774,442.25
D= $967,577.25

1 Answer

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it is B Because you are finding the intrest rate which means find the rate first hen subtract the actual rate to the interest rate
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