Calculate the total interest paid on a 30-year, 3.9% fixed-rate $200,000 mortgage loan.

Remember that number of compounding periods in a year n = number of payments expected to be made in a year. If you make monthly mortgage payments, then interest on the loan is compounded monthly.

Total Interest payment on Monthly compounding is $443,177

Explanation:

Mortgage Interest payment will involve the compounding effect of interest amount.

Use following Formula

A = P ( 1 + r )^n

r = rate of interest = 3.9% = 3.9% / 12 = 0.325%

n =  Number of periods = 30 years x 12 month each year = 360 periods

P = Principal amount = $200,000

A = $200,000 x ( 1 + 0.00325 )^360 = $643,177.17

Interest amount = $643,177.17 - $200,000 = $443,177.17

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the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.