You purchase a house and obtain a $30-$year loan of $$195,000$ at an annual interest rate of $8\mathrm{.}30\%.($Round your answers to the nearest cent.$)$

$($a$)$ What is the mortgage payment?

$

$($b$)$ What is the total of the payments over the life of the loan?

$

$($c$)$ Find the amount of interest paid on the mortgage loan over the $30$ years.

Answer rating: 100% (QA)

The questions ask for a The mortgage payment per period b The total of all payments over the 30year loan term c The total interest paid on the loan ov... View the full answer