Dak and Sally are buying a $349,000 house with a 30 year mortgage at 4.5% interest. Their monthly payment is $1768.33. What is their total payback and how much of that is interest? Assume only the minimum payment is made.
Provide your answer below:
Total payback = $
Interest paid =

the answer is a

step-by-step explanation:

answer: a.

step-by-step explanation: the answer is a. because, you need to converge the fractions to find a solution.

rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500