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christiannnag18:
Brandon has a 15-year fixed rate mortgage for $175,500 with monthly payments of $1,480.97. The annual interest rate is 6%. What is the total cost of the principal and interest for this loan rounded to the nearest dollar?
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xxDeppressionxx:
Do you have any answer choices?
Ninjoy:
Without the answer choices you can attempt to calculate this by: First figuring out how many months are on 15 years. 15*12=180months Your mortgage is at a fixed rate for 180 months From here, where do you think you would proceed to?
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