View Single Post
  #1  
Old 09-26-2007, 08:30 PM
mistletoe mistletoe is offline
Junior Member
 
Join Date: Sep 2007
Posts: 1
mistletoe is on a distinguished road
Default 75000repayment mortgage taken out over 20 years @

rate of 11.1%. What is the annual repayment? the answer is 9480. That means 9480 * 20 -- total payment is 189600????????? so much? for 75000. I havent taken out a mortgage, so is it usually this high?
Reply With Quote