Question 1195631
Roberto bought a $190,000 house, paying 16% down, and financing the rest at 5% interest for 30 years. Her monthly payments are $856.77. How much will he really pay for her $190,000 house?
Roberto will pay a total of $ ____ for the house.
<pre>30 yearly/360 monthly payments of $856.77 each, plus 16% of $190,000 results in a total investment of <font color = red><font size = 4><b>$338,837.20.</font></font></b>
Other person's answer is WRONG!