Question

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

Answer 1

$512.5

Step-by-step explanation:

$300,000 / 30 years

= $10,000

$10,000 * 5.125%

= $512.5