I'm seriously struggling
Sebastian and Caroline obtained a 30-year, fixed rate mortgage for $154,850 on a home that cost them $169,900. If the interest rate on the mortgage is 5.57%, what is the total cost of the principal and interest at the end of the mortgage?
Stacey Warren - Expert brainly.com
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can you use a financial calculator or do you have to do it by hand?
depends what class you are taking
anyway, monthly payment would be about $886.03
total paid at end of 30-yr is : $318,972.30
subtract principal: --> interest is: $164,122.30
sorry it took me forever to reply! I could use a financial calculator but the thing is I had no idea where to start or how to get there! but thank SO much