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mackenzie burrows $300 000 from the bank on a 30 year mortgage. she is given an interest rate of 5.125% apr. how much in total interest will she pay over the term of the loan if she does not make any additional
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mackenzie burrows $300 000 from the bank on a 30 year mortgage. she is given an interest rate of 5.125% apr. how much in total interest will she pay over the term of the loan if she does not make any additional payments

User Marwie
by
4.7k points

1 Answer

6 votes

Answer:

$512.5

Step-by-step explanation:

$300,000 / 30 years

= $10,000

$10,000 * 5.125%

= $512.5

User Wprater
by
5.9k points
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