Question

1. Annie Oakley is purchasing a home for $215,000. She will finance the mortgage for 15 years and pay 7% interest on the loan. She makes a down payment that is 20% of the purchase price.

a. Find the monthly payment, including principal and interest.
Calculate the total interest Annie will pay over the 15 year period

Answer 1

solving..

Answer 2

still solving?

Answer 3

monthly payment: $1683.69
Total intrest paid over 15 years: $131064.30

Answer 4

interest***