A loan used for buying a home is called a mortgage. The Fortunato family is borrowing $430,000 to buy a home. They are taking ou
t a 30-year mortgage at a rate of 3.55%. a. Compute the monthly payment to the nearest cent. fill in the blank 1 b. Find the total of all of the monthly payments for 30 years. fill in the blank 2 c. What is the total interest? fill in the blank 3 d. Which is greater, the interest or the original cost of the home?
