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OpenStudy (anonymous):
Arnold is financing a condominium for $592,000. He gets a 30-year, fixed rate mortgage with a rate of 5.575%. How much interest will he pay over the life of his loan? Round to the nearest dollar. $1,220,119 $43,585 $181,614 $628,119
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OpenStudy (anonymous):
M=P i(1+i)^(n*t)/(1+i)^(n*t)-1
OpenStudy (anonymous):
M=592000 (0.05575)(1+0.05575)^(12*30)/(1+0.05575)^(12*30)-1 ?
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