NEED A PERFECT PAPER? PLACE YOUR FIRST ORDER AND SAVE 15% USING COUPON:

4.8/5

solution

Melanie borrows $408,250 for a home mortgage. The mortgage is for 31 years at 3.48% interest. If Melanie makes an extra principal payment of $200 per month, how much will she pay in total interest over the life of the loan?

$620,008.49
$1,183.93
$259,594.06
$211,758.49
Question 7 0.5 pts Luke has a 30-year home mortgage. He borrowed $213,000 at a rate of 3.35% (fixed). How much of his first monthly mortgage payment will go towards principal (as opposed to interest)?
$4,228.97
$344.09
$594.63
$938.72
Question 8 0.5 pts Roberto has a 30-year home mortgage. He borrowed $200,000 at a rate of 3.5% (fixed). How much of his first monthly mortgage payment will go towards interest (as opposed to principal)?
$583.33
$314.76
$123,312.18
$582.42
Question 9 0.5 pts Carl borrows $246,350 for a home mortgage. The mortgage is for 17 years at 3.92% interest. If Carl makes an extra principal payment of $150 per month, how much will he pay in total interest over the life of the loan?
$804.74
$91,521.44
$326,625.04
$80,275.04
Question 10 0.5 pts Justin borrows $315,000 for a home mortgage with monthly payments. The mortgage is for 23 years at 2.97% interest. How much total interest will Justin pay over the life of the loan?
$435,117.82
$315,000.00
$120,117.82
$779.63

Solution:

15% off for this assignment.

Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!

Why US?

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Money Back

If you are convinced that our writer has not followed your requirements, feel free to ask for a refund.

WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!