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Bond [772]
2 years ago
6

I'm renting to own a house for $80,000 I paid down $6000 leaving a balance of $74,000 For the past eight years I’ve paid 768.57

a month. How much have I paid from May 2014 to July 2022?
Mathematics
1 answer:
Yuri [45]2 years ago
3 0

The total amount you have paid from May 2014 to July 2022 is $75,319.86

<h3>Balance of rent</h3>

  • Total cost of the house = $80,000
  • Amount paid down = $6000
  • Amount to balance = $74,000
  • Amount paid per month = $768.57
  • May 2014 to July 2022 = (12 × 8) + 2

= 96 + 2

= 98 months

Total amount paid from May 2014 to July 2022 = $768.57 × 98 months

= $75,319.86

The total amount paid so far from May 2014 to July 2022 is $75,319.86

Learn more about rent:

brainly.com/question/2281972

#SPJ1

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