Archie is financing a condominium for $423,000. He gets a 30-year, fixed rate mortgage with a rate of 5.375%. How much interest will he pay over the life of his loan? Round to the nearest dollar.

Question

anonymous · Answer

@jojo4eva

superdavesuper · Answer

Do u need to show steps or just need the answer? If its latter, then u can use some online mortgage calculator to do it.

anonymous · Answer

just answer

jojo4eva · Answer

ya thanks @superdavesuper because i have no clue how to do these lol

nurali · Answer

Just plug in the numbers and watch under the graph http://www.ratescalculator.org/

superdavesuper · Answer

Or plug them in here :) http://www.bankrate.com/calculators/mortgages/mortgage-payment-calculator.aspx