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7 August, 21:01

Susie is paying $502.33 every month for her $150,000 mortgage payment. If this is a 4.5% 30 year mortgage, how much interest will she pay over the 30 years of payments?

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  1. 7 August, 21:20
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    You could find the interest paid by simply realizing that:

    502.33 (12) 30-150000=total interest paid

    i=502.33 (12) 30-150000

    i=$30838.80
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