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What is the total cost on a $225,000 mortgage at 5% interest for 30 years?

What is the total cost on a $225,000 mortgage at 5% interest for 30 years?
asked 38.8k views
1 vote
What is the total cost on a $225,000 mortgage at 5% interest for 30 years?

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User Realharry
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9.1k points

2 Answers

6 votes
225,000(1+0.05*30)= $562,500 is the final answer
answered
User Erunehtar
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8.4k points
6 votes
5%=5/100=0.05 =225000+ 0.05 =225500 the answer for 30 years Hope i helped you
answered
User Bubak
by
8.2k points
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