Question: The Bryants bought a $242,000 condominium. They made a down payment of $48,000 and took out a mortgage for the rest. Over the course of

The Bryants bought a

$242,000

condominium. They made a down payment of

$48,000

and took out a mortgage for the rest. Over the course of

30

years they made monthly payments of

$1163.14

on their mortgage until it was paid off.

Answer Submitted:

(a) What was the total amount they ended up paying for the condominium (including the down payment and monthly payments)?
(b) How much interest did they pay on the mortgage?

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