# Suppose \$110,000 is owed on a

Oct 9th, 2015
Anonymous
Category:
Accounting
Price: \$5 USD

Question description

Suppose \$110,000 is owed on a house after the down payment is made, the monthly payment for principal + interest at 10% for 30 yrs. is 110 x 8.77572.  If the total interest charged is the total amount paid - the amount financed, what is the total interest?

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