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Use the table provided to determine the total amount paid on a 30 year fixed loan, at 6.0%, of $75,000.



$162,000

c.

$143,820

b.

$153,750

d.

$133,250

Respuesta :


The right answer is A.162,000 

Answer:

162000

Step-by-step explanation:

For 75000 paying in 30 years at 6% we have

Mortgage Summary

Monthly Payment      $449.66

Total Interest Paid  $86,879

9

Total of 360 Payments $161,879

Pay-off Date  Feb, 2049

We find out of 4 options given 162000 is nearer to this 161879

Hence option of 162000 is the right answer.

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