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I'm renting to own a house for $80,000. I paid down $6,000.00, leaving a balance of $74,000. For the past eight years I’ve paid 768.57 a month. How much have I paid from May 2014 to July 2022?

Respuesta :

The total amount of money I have paid from May 2014 to July 2022 is $75,319.86.

How much I have paid?

The first step is to determine the total number of months from  May 2014 to July 2022.

12 months = 1 year

May 2022 - May 2014 = 8 years x 12 = 96 months

Number of months from may 2022 to july 2022 = 2 months

Total number of months = 96 + 2 = 98 months

Total amount paid = 98 x 768.57 = $75,319.86

To learn more about multiplication, please check: https://brainly.com/question/3385014

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