Answer:
692967/-
Step-by-step explanation:
Given that Karen is financing 285,000 dollars mortgage for 30 years at a fixed rate of 7.15%
Tenure = 30 years
Let us use amortisation calculator to find out the total cost of prinicipal and interest.
WE find that
Equal monthly instalment = 1924.91
Total interest paid = 407967
Total cost =407967+285000 =692967/-
30/(5+7)
https://lalinks.org/linksweb
1 page takes her 22.5 minutes for each page
