Hannahgrace9245 Hannahgrace9245

15-09-2022
Business

Answered

Tom wishes to purchase a property that has been valued at $300,000. he has $30,000 available as a deposit, and will require a mortgage for the remaining amount. the bank offers him a 25-year mortgage at 2% interest, compounded monthly. calculate the total interest paid on the mortgage, to the nearest dollar. do not include commas or the dollar sign in your answer.

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