SOLUTION: Mortgage:James buys a house with $370,000 he put $70,000 down and then finances the rest at 6.3% interest compounded monthly for 25 years find the monthly payment, findthe total

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Question 1139947: Mortgage:James buys a house with $370,000 he put $70,000 down and then finances the rest at 6.3% interest compounded monthly for 25 years
find the monthly payment, findthe total amount he pays for the house, find the total amount of Interest he pays
Found 2 solutions by josmiceli, MathTherapy:
Answer by josmiceli(19441)   (Show Source): You can put this solution on YOUR website!









He pays $1,143,264.03 in interest
He pays $1,443,264.03 total
Get a 2nd opinion if needed and
check my math
Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!

Mortgage:James buys a house with $370,000 he put $70,000 down and then finances the rest at 6.3% interest compounded monthly for 25 years
find the monthly payment, findthe total amount he pays for the house, find the total amount of Interest he pays
Monthly mortgage payment: 

Total amount paid: 

Interest paid:  

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