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Mathematics 18 Online
OpenStudy (anonymous):

I need help please!!!! Harry has a fixed rate mortgage o 717000 at 7.3% for 15 years. The monthly payments are 6565.45. How much will Harry pay in interest after 15 years? A. $464,781 B. $52,341 C. $1,181,781 D. $769,341

OpenStudy (anonymous):

im solving right now, and ill inform you

OpenStudy (anonymous):

Ok thank you so much

OpenStudy (anonymous):

no problem

OpenStudy (anonymous):

is 7.3 the mortgage rate or interest rate, if it says so?

OpenStudy (anonymous):

Its the fixed mortgage rate

OpenStudy (ribhu):

we wouldn't be requiring anything but Interest = monthly installment*12*15 - Principal

OpenStudy (ribhu):

this comes out to be $464781

OpenStudy (anonymous):

ok i have not much knowledge on this, but if i had an estimation of... maybe a

OpenStudy (ribhu):

@Killer_Sweetness97 i hope u get this

OpenStudy (anonymous):

Thank you guys so much

OpenStudy (anonymous):

sure thing! @Killer_Sweetness97

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