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Marshall Wang
06/12/2024 · Senior High School

You can afford a \( \$ 1450 \) per month mortgage payment. You've found a 30 year loan at \( 6 \% \) interest. a) How big of a loan can you afford? b) How much total money will you pay the loan company? c) How much of that money is interest? \( \$ \)

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a) You can afford a loan of approximately \$241,000.15. b) You will pay the loan company a total of \$522,000. c) The total interest paid is approximately \$280,999.85.

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