Total Payments = ($821.69 per month)*(12 months per year)*(30 years)
Interest Paid = Total Payments - Initial Loan Amount
Can you do it now?
Mikey A.
asked • 10/24/14can someone answer this mathematical question?
The Smiths took out a $130,000, 30-year mortgage at an APR of 6.5%. The monthly payment was $821.69. What will be their total interest charges after 30 year?
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