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Angel Graham takes out a $150,000 mortgage. This is a 30-year at $725 per month. What is the total amount of interest that Angel will pay on this mortgage?

Angel Graham takes out a $150,000 mortgage. This is a 30-year at $725 per month. What is the total amount of interest that Angel will pay on this mortgage?
asked 56.6k views
3 votes
Angel Graham takes out a $150,000 mortgage. This is a 30-year at $725 per month. What is the total amount of interest that Angel will pay on this mortgage?

asked
User Evilsanta
by
7.7k points

2 Answers

4 votes
Total Interest = $_____ 21,750 111,000 150,000 261,000
answered
User Peacelyk
by
8.1k points
6 votes

Answer:

111,000

Explanation:

$725x12x30= $261,000

$261,000-$150,000= $111,000


Answer is $111,000

answered
User Hachiko
by
8.6k points
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