Long Coles
06/23/2023 · Primary School
You can afford a \( \$ 1400 \) per month mortgage payment. You've found a 30 year loan at \( 6.5 \% \) interest. a) How big of a loan can you afford? (Round to the nearest cent, as needed.) b) How much total money will you pay the loan company? (Round to the nearest cent, as needed.) c) How much of that money is interest? (Round to the nearest cent, as needed.) \( \$ \) Suestion Help: Video 1 Video 2 Submit Question
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a) The maximum loan amount is about $21538.46.
b) The total payment to the loan company is $504000.
c) The total interest paid is about $482461.54.
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