Question
If $286,000 is borrowed at 10% APR monthly compounded to be paid back at the end of each month over 15 years, what will be
If $286,000 is borrowed at 10% APR monthly compounded to be paid back at the end of each month over 15 years, what will be the interest paid during years 7 and 8? (CHOOSE THE CLOSEST ANSWER).
Group of answer choices $40,590. $44,433. $45,644. $42,420. $43,477.
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
