Question 1149998
{{{ .9*300000 = 270000 }}}
{{{ I = P*r*t }}}
{{{ I = 270000*.06*30 }}}
{{{ I = 270000*1.8 }}}
{{{ I = 486000 }}}
{{{ I + P = 270000 + 486000 }}}
{{{ I + P = 756000 }}}
{{{ 756000 / ( 12*30 ) = 756000 / 360 }}}
{{{ 756000 / 360 = 2100 }}}
(a)
Monthly payments = $2,100
(b)
Total interest paid = $486,000
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