Register

Brady has a 20 year fixed rate mortgage for $215,500 with monthly payments of 1,305.89.the annual interest rate is 4%. What is the total cost of the principal and interest for t…

Brady has a 20 year fixed rate mortgage for $215,500 with monthly payments of 1,305.89.the annual interest rate is 4%. What is the total cost of the principal and interest for t…
asked 67.7k views
3 votes
Brady has a 20 year fixed rate mortgage for $215,500 with monthly payments of 1,305.89.the annual interest rate is 4%. What is the total cost of the principal and interest for this loan rounded to the nearest dollar

asked
User Dkimot
by
8.5k points

2 Answers

5 votes

Answer:

$313,414

Explanation:

answered
User RufusInZen
by
8.4k points
7 votes

The total loan cost will be 27378.12

answered
User Andrew Evt
by
9.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!