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aswhite123

  • 3 years ago

Lynn bought a $300,000 house, paying 10% down, and financing the rest at 6% interest for 30 years. a. Find her monthly payments: I think it is 990. 59 per month... Not 100% on that yet b. How much interest will she pay over the life of the loan? This one I'm stuck on

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  1. gjhfdfg
    • 3 years ago
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    $300,000 * .10 = $30,000 $300,000 - $30,000 = $270,000 I think you have to multiply 270,000 by .06 & add that to 270,000 & divide that by 30.... for the first one.

  2. gjhfdfg
    • 3 years ago
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    Nevermind, I read that problem wrong. I'm not sure what you do for these..

  3. aswhite123
    • 3 years ago
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    lol its ok thank you for trying though

  4. aswhite123
    • 3 years ago
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    The first on has a formula for it and that how i got that answer but as for the second one im not sure how to start it...

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