What would be the sum of all the payments made (i.e., total $s paid over the 30 years, ignoring time value) on the following house mortgage? Loan amount is $175,000 with an interest rate of 6.4% per annum, term of 30 years, and monthly payments. (Round to neare penny and enter, for example, as 123456.78)

What would be the sum of all the payments made (i.e., total $s paid over the 30 years, ignoring time value) on the following house mortgage? Loan amount is $175,000 with an interest rate of 6.4% per annum, term of 30 years, and monthly payments. (Round to neare penny and enter, for example, as 123456.78)

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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