Register
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
80.3k views
5 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 Argus Malware
by
8.4k points

2 Answers

4 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 Xialvjun
by
8.2k points
2 votes

Answer:

la respuesta que buscas es bastante simple pero no lo sé

Explanation:

User Marko Lahma
by
8.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.3m questions

12.0m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!