Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 5 3/4 % for 40 years. Use this table and give the total interest as your answer. (Round your answers to the nearest cent.) Monthly payment$ = ????? Total interest$ = $65402.37
Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 5 3/4 % for 40 years. Use this table and give the total interest as your answer. (Round your answers to the nearest cent.) Monthly payment$ = ????? Total interest$ = $65402.37
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 14E
Related questions
Question
Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at
5 3/4 %
for 40 years. Use this table and give the total interest as your answer. (Round your answers to the nearest cent.)Monthly payment$ = ?????
Total interest$ = $65402.37
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL