Angel graham takes out a $150,000 mortgage. this is a 30-year at $725 per month. what is the total amount of interest that angel will pay on this mortgage? total interest = $ 21,750 111,000 150,000 261,000

Answer-

Graham paid an interest of $111,000.

Solution-

The mortgage amount is $150,000

The amount of money Graham is paying monthly = $725

Time = 30 years = 30 × 12 = 360 months

So, the total amount of money paid by him is,

As interest is the extra amount of of money paid upon the original value, so

Therefore, Graham paid an interest of $111,000.

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step-by-step explanation:

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step-by-step explanation: