Question

Susie is paying $502.33 every month for her $150,000 mortgage payment. If this is a 4.5% 30 year mortgage, how much interest will she pay over the 30 years of payments?

Answer 1

$30838.80

:3 simply it pls

Answer 2

You could find the interest paid by simply realizing that:

502.33(12)30-150000=total interest paid

i=502.33(12)30-150000

i=$30838.80