Allone3932 Allone3932

25-07-2017
Mathematics

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Susie is paying $558.16 every month for her $150,000 mortgage. If this is a 30 year mortgage, how much interest will she pay over the 30 years of payments?

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musiclover10045 musiclover10045

25-07-2017

558.16 x 12 = 6697.92 every year

6697.92 x 30 = 200937.60 total

200937.60-150000 = $50,937.60 total interest paid

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