I need help with finance questions!!! Can anyone help??

Question

anonymous · Answer

Jamal will pay a monthly payment of $2,309.52 on a fixed rate mortgage over 15 years. What is the total principal and interest for the life of this mortgage rounded to the nearest dollar? 

I did 15x12x2,309.52 is that correct?

anonymous · Answer

@Atsie  any help?

anonymous · Answer

When i did the calculation i got 415,714

atsie · Answer

I'm not exactly great at this, but I can give it a shot.
Firstly....your equation  15 x 12 x 2 = 360
did you times 309.52 as well into that equation?

anonymous · Answer

No i did not

anonymous · Answer

So 15x12x2, what is the x2 for?

atsie · Answer

The x2 could mean your multiplying 2..two times which would come to 720.
But quite frankly, I'm a bit baffled if that is supposed to work that way.
Are you given any option's to answer this with?

anonymous · Answer

Yes, i have 415,714
692,856
34,643
554,285

atsie · Answer

Ahh, okay...all you do I think is multiply 2,309.52 by 15 years. And then rounded to the next dollar, that'd be the answer.

anonymous · Answer

I did that i but dont get one of the answer choices :/

atsie · Answer

2,309.52 x 15 yrs is 34.642

now round to the next dollar, and take a look at your options again.

anonymous · Answer

oh, i made a typo in my calculator. Thank you!

atsie · Answer

Your welcome! :)