Question
Leona Jefferson purchased a home and obtained a 20-year loan of $436,500 at an annual interest rate of 8.5%. Find the amount of interest paid
Leona Jefferson purchased a home and obtained a 20-year loan of $436,500 at an annual interest rate of 8.5%. Find the amount of interest paid on the loan over the 20 years. (Round your answer to the nearest cent.)
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
0470390158, 978-0470390153
