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Cassandra refinanced her home loan. The new loan of $93,000.00 has an interest rate of 4.5% compounded monthly. She is planning to pay off the
Cassandra refinanced her home loan. The new loan of $93,000.00 has an interest rate of 4.5% compounded monthly. She is planning to pay off the loan in 18 years, what will her monthly payment be?
[ round all answered to 2 decimal places ]
The monthly payment would be $ _____ ?
Assuming Cassandra paid all of the payments on time and did not prepay on the loan.
What is the total amount Cassandra paid on the total interest?
The total amount Cassandra paid was $____ and the total interest was _____
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