Ms. Moore is purchasing a house and needs to finance a $150,000 mortgage from the bank with an annual percentage rate (APR) of 3.8%. She is financing it over 30 years and making monthly payments. What is the total amount Ms. Moore will pay back to the bank? (to the nearest dollar)
Added by Bobby A.
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Monthly interest rate = APR / 12 Monthly interest rate = 3.8% / 12 Monthly interest rate = 0.3167% Show more…
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