Kathleen takes out a 30-year mortgage of 330000 dollars, to be repaid with monthly payments, the first coming a month from now. If the nominal rate of interest is 7.9 percent convertible monthly, what is the total amount of interest that she'll pay over the life of the loan?

Answer rating: 100% (QA)

The monthly interest rate is 79 100 12 000658333 rounded to 8 decimal places The number of ... View the full answer