Mathematics, 31.01.2021 19:50 millanesjamela
The price of a home is $300,000. After a 10% down payment, the mortgage is $270,000. If this is financed with a 30-year fixed-rate mortgage at 6%, what is the total interest paid over 30 year
Answers: 1
![PV=P[\frac{1-(1+r)^{-n}}{r} ]](/tpl/images/1081/0690/1c4dc.png)
![270 000= P[\frac{1-(1+\frac{6}{1200} )^{-12\times 30}}{\frac{6}{1200} } ]](/tpl/images/1081/0690/d8f22.png)
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The price of a home is $300,000. After a 10% down payment, the mortgage is $270,000. If this is fina...
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