35
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 35 • Personal Finance - Math/Sci Elective (half credit)

The Wong family bought a $190,000 home in 2001. They obtained a mortgage loan for 30 years. The monthly payment, not including property taxes and insurance, is $995. How much total principal and interest will they pay for the house after 30 years?

Answer
A
$168,200
B
$190,000
C
$358,200
D
$548,200
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