Mathematics

Gregory

5 June, 12:36

Monthly Payment -

Ms. Moore is purchasing a house and needs to

finance a $150,000 mortgage from the bank

with an annual percentage rate (APR) of 3.8%

She is financing it over 30 years and making

monthly payments. What is the total amount

Ms. Moore will pay back to the bank?

to the nearest dollar)

a $501,796

b. $299,998

C

d

S251618

$150,001

+1

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