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Cameron borrows $180,000 for a home mortgage with monthly payments. The mortgage is for 15 years at 3.68% interest. How much total interest will Cameron

image text in transcribed Cameron borrows $180,000 for a home mortgage with monthly payments. The mortgage is for 15 years at 3.68% interest. How much total interest will Cameron pay over the life of the loan? \begin{tabular}{l} $54,496.49 \\ \hline$180,000.00 \\ \hline$234,496.49 \\ \hline$552.00 \end{tabular} Question 8 Charlie has a 25 -year home mortgage. He borrowed $275,000 at a rate of 3.65% (fixed). How much of his first monthly mortgage payment will go towards interest (as opposed to principal)? $144,681.01 $836.46 $562.48 $834.75

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