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aswhite123
 2 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
aswhite123
 2 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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gjhfdfg
 2 years ago
Best ResponseYou've already chosen the best response.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.

gjhfdfg
 2 years ago
Best ResponseYou've already chosen the best response.0Nevermind, I read that problem wrong. I'm not sure what you do for these..

aswhite123
 2 years ago
Best ResponseYou've already chosen the best response.0lol its ok thank you for trying though

aswhite123
 2 years ago
Best ResponseYou've already chosen the best response.0The 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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