Mathematics, 25.10.2021 02:00, bxbysoso

Shaquille and Jessica decided on a $160,000 mortgage for 15 years at 4.5%. This results in a monthly payment of $1223.99. Assuming they only make the minimum payment throughout the life of the loan, what will be the total payback of the loan?

How much of the total payback is interest?

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Shaquille and Jessica decided on a $160,000 mortgage for 15 years at 4.5%. This results in a monthly payment of $1223.99. Assuming they only make the minimum payment throughout the life of the loan, what will be the total payback of the loan? How much of the total payback is interest?

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Shaquille and Jessica decided on a $160,000 mortgage for 15 years at 4.5%. This results in a monthly payment of $1223.99. Assuming they only make the minimum payment throughout the life of the loan, what will be the total payback of the loan?

How much of the total payback is interest?