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What is the total cost on a $225,000 mortgage at 5% interest for 30 years?

What is the total cost on a $225,000 mortgage at 5% interest for 30 years?
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1 vote
What is the total cost on a $225,000 mortgage at 5% interest for 30 years?

User Realharry
by
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2 Answers

6 votes
225,000(1+0.05*30)= $562,500 is the final answer
User Erunehtar
by
8.4k points
6 votes
5%=5/100=0.05 =225000+ 0.05 =225500 the answer for 30 years Hope i helped you
User Bubak
by
8.2k points
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