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Cyclops and Emma Frost have decided to buy a house in Hartford, Connecticut. The selling price...

Cyclops and Emma Frost have decided to buy a house in Hartford, Connecticut. The selling price is $1,200,000, and they will put $200,000 down and obtain a 30-year fixed-rate monthly mortgage at 8% for the rest. How much interest will they pay (in dollars) over the life of the loan? (Round your answer to the nearest 50 dollars)

Select one:

A. $1,639,550

B. $1,681,500

C. $1,599,400

D. $1,641,550

E. $1,600,500

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Answer #1

Answer:- Option D:-  $1,641,550

(Explanation:-

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