Step-by-step explanation:
If you borrow $120,000 at an APR of 7% for 25 years, you will pay $848.13 per month. If you
borrow the same amount at the same APR for 30 years, you will pay $798.36 per month.
a. What is the total interest paid on the 25-year mortgage? <em>$134,439.</em>
Answer:
The answer is <u>54.6</u>.
9.1(6)+8.7(7)=<u>54.6</u>+60.9
Step-by-step explanation:
Given:
9.1(6)+8.7(7)=_+60.9
Now, to solve it:
9.1(6)+8.7(7)=_+60.9
Let the _be x.
So, we remove parenthesis first that makes it multiply with the number next to it:


Now adding on L.H.S:

Subtracting on both sides by 60.9 we get:


Therefore, the answer is 54.6.