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How much total interest will Marie pay over the life

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Q1. Ashley borrows $131,500 for a home mortgage. The mortgage is for 16 years at 3.78% interest. If Ashley makes an extra principal payment of $60 per month, how much will she pay in total interest over the life of the loan?

Q2. Marie borrows $246,500 for a home mortgage with monthly payments. The mortgage is for 29 years at 3.22% interest. How much total interest will Marie pay over the life of the loan?

Q3. Andrew borrows $323,500 for a home mortgage. The mortgage is for 21 years at 3.49% interest. If Andrew makes an extra principal payment of $75 per month, how much will he pay in total interest over the life of the loan?

Reference no: EM133118446

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