What is the total interest you will have paid for the scenario below?
the home you purchased was sold for $141,000 with a fixed apr of 1.035% across 40 years. the down payment required was 6.0%.

Total interest you will pay=$3,502.44

Step-by-step explanation:

The interest accrued you will pay can be expressed as;

Interest=Principal×rate×time

where;

Principal=down payment=6% of total amount

Total amount=$141,000

Down payment=(6/100)×141,000=$8,460

Annual rate=1.035%=1.035/100=0.01035

Time=40 years

replacing;

Interest=Principal×rate×time

Interest=8,460×0.01035×40

Interest=$3,502.44

Total interest you will pay=$3,502.44

false

step-by-step explanation:

step-by-step explanation:

given that ab is divided into equal parts as

ac, cd, de, ef, fg, gh, hi, ib.

from this we find that f is the midpoint of ab.

so using mid point formula we find

f = (3,7)

similarly considering fb, we get

h = mid point of fb = ((6,6) and g, mid point of fh is

g = (9/2, 13/2)

i is mid point of hb

so i =(15/2,11/2)