anonymous
  • anonymous
can someone help me with this problem please? Danielle bought a house for 215,000. She financed 189,375 of the purchase price with a 15-year, fixed-rate mortgage with a 6.15% interest rate. What is the total cost of the principal and interest after 15 years? a. 335,317.05 b: 290,418.20 c: 329,716.80 d: 295,351.95
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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amistre64
  • amistre64
what is our monthly payment?
anonymous
  • anonymous
@amistre64 how do i figure that out?
amistre64
  • amistre64
you find your formula for the monthly payment, and then realize that when you purchase a loan, you are paying for the time it would have taken you to save it up to start with ... you are paying for the interest. total cost = total payments total payments = loan amount + interest subtract the loan amount from both sides and what you have is interest ...

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