# 1. Ben and Jane have been approved for a $220,000 loan, 30-year mortgage with an APR of 5.82%. What will be the total amount interest 1. Ben and Jane have been approved for a$220,000 loan, 30-year mortgage with an APR of 5.82%. What will be the total amount interest paid over the 30 years? * 1

## This Post Has 3 Comments

1. kaylastronaut says:

$245,717.60 Step-by-step explanation: The total amount accrued, principal plus interest, with compound interest on a principal of$220,000.00 at a rate of 5.82% per year compounded 12 times per year over 30 years is \$245,717.60.

2. Expert says:

step-by-step explanation:

we are told that the revenue is

x⋅(4080−10x)=−10x^2+4080x

this is a quadratic function, so to maximize it we should find the x-value of its vertex. recall that the x-value of the vertex of the parabola ax^2+bx+c is given by the formula −b/2a.

so in this case, we have a=−10 and b=4080, so the x-value of the vertex is

−b/2a= −(4080)/2(−10)=204

3. Expert says:

true

step-by-step explanation: