Question 1037868
she bought the farm for 225,000
she made a down payment of 25,000.
the mortgage was therefore 200,000.


she is making yearly payments of 16,931.89


20 of those payments will be equal to 338,637.8


that's the total of what she will pay over 20 years.


since the mortgage was 200,000, her interest payments are 338,637.8 minus 200,000 which is equal to 138,637.8


she will have paid 138,637.8 in interest over the 20 years.