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Mathematics 21 Online
OpenStudy (anonymous):

Jamie will pay a monthly payment of $1,149.02 on a fixed rate mortgage over 25 years. What is the total principal and interest for the life of this mortgage rounded to the nearest dollar? I got $ 344,706

OpenStudy (anonymous):

@Ilovecake

OpenStudy (amistre64):

the sum of the payments of course

OpenStudy (amistre64):

12*25 payments ...

OpenStudy (anonymous):

300?

OpenStudy (amistre64):

344706 is what im getting too

OpenStudy (anonymous):

Would it be 275,765?

OpenStudy (ilovecake):

25 x 12 x 1149.02 =

OpenStudy (anonymous):

Oh so I was right the first time!

OpenStudy (ilovecake):

Yeah. good job. :D

OpenStudy (amistre64):

if at first you succeed, try and try not again

OpenStudy (anonymous):

344.706

OpenStudy (anonymous):

whoopie

OpenStudy (ilovecake):

Good Job.

OpenStudy (ilovecake):

Oh and sorry I came on your question late.

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