You can afford a $1500 per month mortgage payment. You've found a 30 year loan at 7% interest compounded monthly. a) How big of a loan can you afford? $ b) How much total money will you pay the loan company? $ c) How much of that money is interest? $
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You can afford a $1500 per month mortgage payment. You've found a 30 year loan at 7% interest compounded monthly.
a) How big of a loan can you afford?
$
b) How much total money will you pay the loan company?
$
c) How much of that money is interest?
$
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