Question

Asked Nov 29, 2019

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WHAT WOULD BE THE TOTAL INTEREST PAID ON THE LIFE OF A 30 YEAR FIXED MORTGAGE WITH 20% DOWN AT A 3.72% INTEREST RATE. THE HOME ORIGINAL PRICE IS 70000

Step 1

Calculate the total interest paid as follows:

Step 2

(Cont...)

Step 3

Workings...

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