Ben purchases a home for $200,000 with a 4% interest - id20000043013408069 от gissellesolorza 05.12.2022 15:17

Question

Mathematics: Ben purchases a home for $200,000 with a 4% interest rate compounded annually for 30 years, He determines that he will end up paying $240,000 in interest. If he is correct, explain how he came to that number. If he is incorrect, use the space below to show how you found the actual amount of interest he would owe.

gissellesolorza · Accepted Answer

7/(b-36)=28/b 28b-1008=7b 21b=1008 b=48 a/72=28/b a=72x28/48 a=42...

Ben purchases a home for $200,000 with a 4% interest rate compounded annually for

Popular Questions about the subject: Mathematics

New questions by subject

We expand our knowledge with many expert answers