Question

A​ 22-year old college graduate just got a job in Nashville. She is considering buying a...

A​ 22-year old college graduate just got a job in Nashville. She is considering buying a house with a $150,000 mortgage. The APR is 14% compounded monthly for her monthly mortgage payments on a 32-year fixed rate loan. If she can get her FICO score up to​ 750, the APR drops to 13.6%. How much in interest cost will she save over the life of the loan assuming she can increase her FICO score to​ 750?

so using the information i used P = 150000 to find A.

so the Monthly payment for the 14% = $1769.635047

and the monthly payment on 13.6% = $1722.263005

What is the total interest saved over 30 years Rounding the answer to the nearest dollar?

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