gamadestiny9 gamadestiny9

24-02-2021
Mathematics

contestada

grace borrows $135,000 for a new house with an interest rate 3.5% for 30 years. how much will she pay for the house in total at the end of 30 years

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madethisfortwitch1 madethisfortwitch1

24-02-2021

Answer:

378,917.15

Step-by-step explanation:

Annual compound interest formula:

[tex]AV=PV(1+i)^n\\\\AV=135000(1+.035)^{30}\\\\135000*2.8067937047=378917.15[/tex]

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