Real Estate Math
A borrower's monthly P&I payment is $1,850. Over 30 years, what is the total amount paid in principal and interest?
A$444,000
B$555,000
C$666,000✓ Correct
D$740,000
Explanation
Total paid = $1,850 × 360 months = $666,000. Using the values given ($1,850), apply the appropriate formula.. The correct answer is $666,000.. This is a common calculation on the Connecticut real estate exam.
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