document.write( "Question 1149998: Lynn bought a $300,000 house, paying 10% down, and financing the rest at 6% interest for 30 years.
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Algebra.Com's Answer #771353 by MathTherapy(10556)\"\" \"About 
You can put this solution on YOUR website!
Lynn bought a $300,000 house, paying 10% down, and financing the rest at 6% interest for 30 years.
\n" ); document.write( "a. Find her monthly payments.
\n" ); document.write( "b. How much interest will she pay over the life of the loan?
\n" ); document.write( "
The other person is not even close. How can someone do monthly-payment calculation on a house using SIMPLE INTEREST? The correct monthly payment is: \"highlight_green%28%22%241%2C618.79%22%29\"
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document.write( "Now, you need to do some work!
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document.write( "Multiply that monthly payment by 360 (30 * 12 months), and then SUBTRACT the MORTGAGE loan ($300,000 * .9) to get the interest paid over the life of the loan. 
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document.write( "FYI: It is NOT 486,000. \n" );
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