Question
. Given the following information about a mortgage note, find the interest paid on the note over the prior twelve months. Loan Balance: $316,324.64 Payment
. Given the following information about a mortgage note, find the interest paid on the note over the prior twelve months.
Loan Balance: $316,324.64
Payment per Month: $ 1,500.00
Interest Rate on Note: 3.625%
(A) $10,625.37
(B) $11,593.27
(C) $12,118.35
(D) $13,236.72
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