The Sherman family made a down payment of $18, 375 for a new house. They mortgaged the remaining cost of $129,625. The interest paid over 30 years was $273, 116. What was the total cost of the house?

Question

owlfred · Answer

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anonymous · Answer

is 273,116 the total cost paid including principal nd interest?

anonymous · Answer

yes. thank you!

anonymous · Answer

downpayment=$18,375
remaining Cost =129,625
Total cost 30 years before was 18375+129625=148,000
After paying interest on the ammount borrowed= 273,116+18375=291,491