Real Estate Math
A 30-year mortgage for $320,000 at 6% has a monthly payment of $1,919. What is the total interest paid over 30 years?
A$369,840✓ Correct
B$370,840
C$191,900
D$360,000
Explanation
Total payments = $1,919 × 360 = $690,840. Total interest = $690,840 - $320,000 = $370,840.
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