Alec bought a home for $179,000. He had a $50,000 down payment and got a 30-year fixed rate mortgage at 5.13%. After 30 years, Alec has just made his final mortgage payment! How much did Alec pay total over the entire life of the mortgage? Round your answer to two decimal places.
Alec bought a home for $179,000. He had a $50,000 down payment and got a 30-year fixed rate mortgage at 5.13%. After 30 years, Alec has just made his final mortgage payment! How much did Alec pay total over the entire life of the mortgage? Round your answer to two decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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