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A homeowner could take out a 30-year mortgage at a 6.1.percent annual rate on a $195,000 mortgage amount. How much total interest over the entire
A homeowner could take out a 30-year mortgage at a 6.1.percent annual rate on a $195,000 mortgage amount. How much total interest over the entire mortgage she will pay(to the nearest dollar)? (Hint: the EXCEL function for cumulative interest could be helpful)
A) $230,400
B) $190,105
C) $155,612
D) $144,325
E) $138,612
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