enmend06295 enmend06295

24-04-2024
Mathematics

Answered

Ricky took out a $268,000 30-year mortgage at an APR of 6.34%. What
will be his total interest charges after 30 years to the nearest cent? (Don't
forget 1. Find the monthly charges. 2. Multiply that amount by the
number of months in 30 years. 3. Subtract out the $268,000 that is the
principle.)

Answer :

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