cvholt03
contestada

How much money will
be spent in interest
alone over the course of
the 4% 30-year
mortgage described in
the table?

How much money will be spent in interest alone over the course of the 4 30year mortgage described in the table class=

Respuesta :

Answer:

the answer is 4,800 dollars

Step-by-step explanation:

Interest is amount added for time. In this case, every dollar borrowed will require 1.04 back. This may not seem like much, but it leads to a lot. Multiplying 120,000 by .04, which is 4 % in decimal form, will give you 4,800 dollars.

Hope this helps!