Your mortgage payment is $1400 per month. How much total money will you have to pay...
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Your mortgage payment is $1400 per month. How much total money will you have to pay the bank after 30 years? (Hints: You are paying monthly for 30 years. So you are making payments 12x30 times! Take that number and multiply by your monthly payment. You do not need the payout annunity formula for this.) Answer to the nearest cent. Do not put a dollar sign. Your mortgage payment is $1400 per month. How much total money will you have to pay the bank after 30 years? (Hints: You are paying monthly for 30 years. So you are making payments 12x30 times! Take that number and multiply by your monthly payment. You do not need the payout annunity formula for this.) Answer to the nearest cent. Do not put a dollar sign.
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