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29 January, 19:38

Given a mortgage of 48,000 for 15 years with a rate if 11%, what are the total finance charges

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  1. 29 January, 21:50
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    Interest formula is I=Pxrxt where (P) principal (r) rate % and (t) time

    so 48000 X. 11 X 15 = 79,200 as your answer
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