Question

Help anyone?

Sofia has a 5.2% fixed rate 30-year mortgage in the amount of $350,000. The total cost of principal and interest is about $691,880. Which of the following is closest to Sofia’s monthly payment?

$972

$1,167

$1,922

$2,306

Answer 1

@agent0smith

Answer 2

@ganeshie8

Answer 3

@princess12345

Answer 4

so if she pays a total of $691,880 (ignoring the down payment), then we can say monthly payment = (Total Cost)/(Number of Payments)
The answer is I got 1921.88

Answer 5

I want a medal please <3

Answer 6

:)

Answer 7

thank youuuu @princess12345

Answer 8

You're Welcome <3