You wish to take out a $200,000 mortgage. The yearly interest rate on the loan is 4% compounded monthly, and the loan is for 30 years. Calculate the total interest paid on the mortgage.
Round your answer to the nearest dollar.
Do NOT round until you have calculated the final answer.
Do NOT include commas or the dollar sign in your answer.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You wish to take out a $200,000 mortgage. The yearly interest rate on the loan is 4% compounded monthly, and the loan is for 30 years. ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which option correctly shows 4 6 as a division expression? A. 4 : 1 6 B. 6 : 1 4 C. 4 : 6 D. 6 : 4
Answers (1)
Identify the terms in the expression 55a + 22b
Answers (1)
Mr. Thomas purchased a car for $30,000. in 4 years the value of the car decreased to $22,000. Which integer represents the average net change in value per year?
Answers (1)
What is the solution to the equation 2 (5x+8) = 6x+20
Answers (1)
Find the measure of each angle of triangle abc, given ac=6, cb = 2 square roots of 3, and ab = 4 square roots of 3
Answers (1)
New Questions in Mathematics
John is joining a summer bowling club. At Faction Bowl it costs $10 to join the club and $2 per game of bowling.
Answers (1)
How many solutions for linear equation 3x + 5y = 25 can be found so that - 20 < y < 10, and x is an integer?
Answers (1)
The green turtle lays eggs that are approximately spherical with an average diameter of 4.5 centimeters. each turtle lays an average of 113 eggs at one time. find the total volume of these eggs, to the nearest cubic centimeter.
Answers (1)
Three brothers share 2 sandwiches equally. Hoe much of a sandwich does each brother get?
Answers (2)
1,000 at 6% annual interest
Answers (1)