Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at s% for 40 years. Use this table and give the total interest as your answer. (Round your answers to the nearest cent.) Monthly payment Total interest 2$ 65428.8

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section: Chapter Questions
Problem 66E
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Find the monthly payment (in $) and the total interest (in $) for a mortgage
of $42,000 at 5% for 40 years. Use this table and give the total interest as
your answer. (Round your answers to the nearest cent.)
Monthly payment
24
Total interest
$ 65428.8
Transcribed Image Text:Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 5% for 40 years. Use this table and give the total interest as your answer. (Round your answers to the nearest cent.) Monthly payment 24 Total interest $ 65428.8
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9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
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Cengage Learning