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Consider a 30-year mortgage at an interest rate of 8% compounded monthly with a $1200 monthly payment. What is the total amount paid in interest?
Consider a 30-year mortgage at an interest rate of 8% compounded monthly with a $1200 monthly payment. What is the total amount paid in interest?
| a. | $236,403.75 | |
| b. | $249,448.74 | |
| c. | $268,459.81 | |
| d. | $289,450.19 |
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Illustrating Finance Policy With Mathematica
Authors: Nicholas L. Georgakopoulos
1st Edition
3319953710, 978-3319953717
