Lynn bought a $300,000 house, paying 10% down, and financing the rest at 6% interest for 30 years.

a. Find her monthly payments: I think it is 990. 59 per month... Not 100% on that yet
b. How much interest will she pay over the life of the loan? This one I'm stuck on

Question

Lynn bought a $300,000 house, paying 10% down, and financing the rest at 6% interest for 30 years.

a. Find her monthly payments: I think it is 990. 59 per month... Not 100% on that yet
b. How much interest will she pay over the life of the loan? This one I'm stuck on

anonymous · Answer

$300,000 * .10 = $30,000 
$300,000 - $30,000 = $270,000 
I think you have to multiply 270,000 by .06 & add that to 270,000 & divide that by 30.... 
for the first one.

anonymous · Answer

Nevermind, I read that problem wrong. 
I'm not sure what you do for these..

anonymous · Answer

lol its ok thank you for trying though

anonymous · Answer

The first on has a formula for it and that how i got that answer but as for the second one im not sure how to start it...