SOLUTION: you have bought a $160,000. house, put 10% down and financed the rest at 8% for 30 years. 10 years later you re-finance the remaining loan balance at 6% for 30 years. how much in t

Algebra ->  Finance -> SOLUTION: you have bought a $160,000. house, put 10% down and financed the rest at 8% for 30 years. 10 years later you re-finance the remaining loan balance at 6% for 30 years. how much in t      Log On


   



Question 326666: you have bought a $160,000. house, put 10% down and financed the rest at 8% for 30 years. 10 years later you re-finance the remaining loan balance at 6% for 30 years. how much in total interest will you be paying for both loans?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
146334.05+109118.14=$255,452.19 total interest paid