In order to make money on lones, financial institutions are paid back more than they loan. suppose borrow $350,000 to buy a house and agree to make monthly payments of $1500.56 for 30 years. a) what is

In order to make money on lones, financial institutions are paid back more than they loan. suppose borrow $350,000 to buy a house and agree to make monthly payments of $1500.56 for 30 years.

a) what is the total amount you pay back?
b)how much do you pay in addition to the original loan amount?

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In order to make money on lones, financial institutions are paid back more than they loan. suppose borrow $350,000 to buy a house and agree to make monthly payments of $1500.56 …

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