how much interest will you pay?

Question

if you obtains a 30- years , $128,500 mortgage at 8% on a house selling for $154,000. your monthly payment , including principal and interest, is $942.89 how much of the total cost will be interest

A $210,940.40

B $ 274,221.60

C $ 232,033.66

D $196,173.91

Answer 1

The answer is A. The total money paid is 30x12x$942.89 = $339,440.40

The money loaned was $128,500

So, $339,440.40-128500 = $210,940.40