1 what is the yearly payment on a 250000 30 year 5 mortgage, Ask an Expert

Finance

1. What is the yearly payment on a $250,000, 30 year, 5% mortgage? Show your work.

2. What is the monthly payment on the mortgage mentioned in #1? Show your work.

3. Using the information in #24, how much total interest would you wind up paying on this mortgage, assuming you made the minimum monthly payment every month for 30 years? Show your work.

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Financial Management, Finance

Category:- Financial Management
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