Suppose that​$120 comma 000120,000is owed on a house after the down payment is made.The monthly payment for principal and interest at8.08.0​%for 30 yearsis120120times•7.337657.33765​=​$880.52880.52.What is the total amount that will be paid for principal and​ interest?

Question
Asked Nov 7, 2019
Suppose that
​$120 comma 000120,000
is owed on a house after the down payment is made.
The monthly payment for principal and interest at
8.08.0​%
for 30 years
is
120120times•7.337657.33765
​=
​$880.52880.52.
What is the total amount that will be paid for principal and​ interest?
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