Narrative 14-2
for Problems in This Section, Use Table 14-1 $8 \frac { 1 } { 4 } \%$

question 76

Short Answer

Narrative 14-2
For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
-Refer to Narrative in your text 14-2. The Coles purchased a home with a mortgage of $105,000 at $8 \frac { 1 } { 4 } \%$ for 30 years. The mortgage payments are $789.60 per month. What is the amount of total interest on this mortgage?

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