100,878 views
8 votes
8 votes
1.What is the total interest you will have paid for the scenario below?

The home you purchased was sold for $141,000 with a fixed APR of 1.035% across 40 years. The down payment required was 6.0%.
help what is it

User Colin Ji
by
2.6k points

2 Answers

14 votes
14 votes
6% of 141,000 is $8460. Subtract 8460 from 141,000= 132,540. Interest=principal x rate x time. 132,540 x 0.01035 x 40 = $54,871.56
User Mixja
by
2.8k points
12 votes
12 votes

Answer:

la respuesta que buscas es bastante simple pero no lo sé

Explanation:

User DarkCoffee
by
2.7k points
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