Jill Barley obtained a 25-year, $145,117 mortgage loan from University Savings and Loan Association. The interest rate is 6 percent. The monthly payment is $1,800.00. For the first payment, what is he

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Qnox asked Sep 1, 2023

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30 votes

Jill Barley obtained a 25-year, $145,117 mortgage loan from University Savings and Loan Association. The

interest rate is 6 percent. The monthly payment is $1,800.00. For the first payment, what is he interest?

Mathematics
high-school

Qnox asked Sep 1, 2023

by Qnox

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21 votes

Answer:

175,424.02

Explanation:

multiply 145,117 by 106%

multiply 1800 by 12 (months in a year)

add 21600 to 153,824.02

Hazim Ali answered Sep 8, 2023

by Hazim Ali

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