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 one year 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
 one year 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

This Question is Closed

gjhfdfg
 one year 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
 one year 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
 one year ago
Best ResponseYou've already chosen the best response.0lol its ok thank you for trying though

aswhite123
 one year 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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