smileyloks2 smileyloks2

04-04-2017
Mathematics

contestada

How much interest is paid on a $52,000 loan if the monthly payments are $450.23 for 30 years?
can u also help me understand how to solve for this?

Respuesta :

Aliwohaish12 Aliwohaish12

08-04-2017

Total payments
450.23×12×30=162,082.8
Interest paid
162,082.8−52,000=110,082.8

Answer Link

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