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9033228 D 80 6 T 10 Ope 3. Suppose you take out a $351,980 mortgage at 12.3% interest compounded annually. How much interest will

9033228 D 80 6 T 10 Ope 3. Suppose you take out a $351,980 mortgage at 12.3% interest compounded annually. How much interest will you have paid after 20 years? /3 4. What is the total amount owed from a $756,980 loan taken out for 3 years at 6.9% interest: a) Simple? 12. b) Compound?

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