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
<pre>Monthly mortgage payment: {{{highlight_green("$1,988.29")}}}
Total amount paid: {{{highlight_green(matrix(1,3, "1,988.29"(300), "=", "$596,487.11"))}}}
Interest paid: {{{highlight_green(matrix(1,3, "$596,487.11" - "$300,000", "=", "$296,487.11"))}}}