Quantcast

Got Homework?

Connect with other students for help. It's a free community.

  • across
    MIT Grad Student
    Online now
  • laura*
    Helped 1,000 students
    Online now
  • Hero
    College Math Guru
    Online now

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

aswhite123 Group Title

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

  • one year ago
  • one year ago

  • This Question is Closed
  1. gjhfdfg Group Title
    Best Response
    You've already chosen the best response.
    Medals 0

    $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.

    • one year ago
  2. gjhfdfg Group Title
    Best Response
    You've already chosen the best response.
    Medals 0

    Nevermind, I read that problem wrong. I'm not sure what you do for these..

    • one year ago
  3. aswhite123 Group Title
    Best Response
    You've already chosen the best response.
    Medals 0

    lol its ok thank you for trying though

    • one year ago
  4. aswhite123 Group Title
    Best Response
    You've already chosen the best response.
    Medals 0

    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...

    • one year ago
    • Attachments:

See more questions >>>

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.