Question

You are buying a house for 158,950 you have an annual intrest rate of 4.83% over the next 25 years. How much us the final cost of the house after 25 years

Answer 1

$350,882.12

Explanation:

P $158950.00

R 4.83% INTERST RATE PER YERAY

T 25 YEARS X 4.83% = 158950 X .0483 = $191,932.12 is

your interest . Add interest to the price of the house and thats

what you paid for the house after 25 years . $158,950.00

+$191,932.12

=$350,882.12