Question

A 30 year fixed rate mortgage at 4.5% with principal of $150,000 has a monthly payment of $760 per month. After

30 years, what is the total amount spent on interest?
A) $6,750
B) $123,600
c) $156,750
D) $273,600

Answer 1

A 30 year fixed rate mortgage at 4.5% with principal of $150,000 has a monthly payment of $760 per month. After

30 years, what is the total amount spent on interest?

A) $6,750

B) $123,600

c) $156,750

D) $273,600

Explanation: