Question

You are buying a house for 158,950 you have an annual intrest rate of 4.83% over the next 25 years. How much us the final cost of the house after 25 years

Answer 1

Answer:

$350,882.12

Step-by-step explanation:

P      $158950.00

R       4.83% INTERST RATE PER YERAY

T        25 YEARS  X 4.83%  = 158950  X .0483  = $191,932.12 is

          your interest .   Add interest to the price of the house and thats

          what you paid for the house after 25 years . $158,950.00

                                                                                   +$191,932.12

                                                                                   =$350,882.12