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OpenStudy (anonymous):
Do any of you know Mortgage Formulas? Jamie will pay a monthly payment of $1,918.42 on a fixed rate mortgage over 30 years. What is the total principal and interest for the life of this mortgage rounded to the nearest dollar? $575,526 $690,631 $57,553 $460,421
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OpenStudy (anonymous):
The total principle and interest is just going to be what he pays overall. He pays $1,918.42 at 12 times a year for 30 years. It's just multiplication, right?
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