Try another version of this question Get help: Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 3: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Question 1
You can afford a $1200 per month mortgage payment. You've found a 30 year loan at 6% interest.
a) How big of a loan can you afford?
$
b) How much total money will you pay the loan company?
$
c) How much of that money is interest?
$
Enter DNE for Does Not Exist, oo for Infinity 200,149.94
Enter DNE for Does Not Exist, oo for Infinity 432,000
Enter DNE for Does Not Exist, oo for Infinity 231,850.06