smileyloks2
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 Aliwohaish12
  • 08-04-2017
Total payments
450.23×12×30=162,082.8
Interest paid
162,082.8−52,000=110,082.8
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