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Shelly attempts to determine the total cost of a 200000 arm which starts at 8% by predicting the monthly payments get predictions are shown in the table

Shelly attempts to determine the total cost of a 200000 arm which starts at 8% by predicting the monthly payments get predictions are shown in the table class=

Answer :

anthougo

The total cost of the mortgage based on Susan's predictions is D.  $528,310.80.

What is a mortgage payment?

A mortgage payment is a reduction of the mortgage loan through periodic payments.

The total cost of a mortgage is the periodic mortgage payment multiplied by the number of payments.

The total mortgage cost can be determined using an online finance calculator as follows:

Data and Calculations:

Home Price = $200,000

Down Payment = 0%

Loan Term = 30 years or 360 months (30 years x 12)

Interest Rate = 8%

Monthly Pay:   $1,467.53

Total of 360 Mortgage Payments = $528,310.80 ($1,467.53 x 360)

Total Interest $328,310.49

Thus, the total cost of the mortgage based on Susan's predictions is D.  $528,310.80.

Learn more about determining monthly mortgage payments at https://brainly.com/question/22846480

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