4) Ricky took out a $268,000, 30 year mortgage at an APR of 4.34%. What will be his total interest charges after 30 years? a) 254,784.55 b) 211,720.77 c) 172,485.35 d) 199,652.33
5) Sonya took out a mortgage of $65,000 at 7% for 25 years. What is the interest paid over the life of the mortgage?
6) The Martz family pays a rate of 37.5 mills in property tax. The assessed value of the home is $68,000. What is their property tax?