The wong family bought a $190,000 home in 2001. they obtained a mortgage loan for 30 years. the monthly payment, not including property taxes and insurance, is $995. how much total principal and interest will they pay for the house after 30 years?

Total amount = $358,200

Total interest = $1,68,200

Step-by-step explanation:

Principal amount = $1,90,000

Monthly payment including interest = $995

Amount given after 30 years (360 months) = 995×360

                                                                     = $358,200

Total amount = $358,200

Total interest amount =Total amount - Principal amount    

                                      = 358,200 - 1,90,000

                                      = $1,68,200

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