Question

Susie is paying $538.66 every month for her $150,000 mortgage. If this is a 30 year mortgage, how much interest will she pay over the 30 years of payments?

Answer 1

Answer:

Step-by-step explanation:

So First we know she pays (538.66) every month (12months in a year ) for (30) years

So 538.66*12*30 = 193,917.60

Then, we take his total payment minus the what he originally owed.

   

193,917.60 - 150,000 = $43,917.60