Question
Lucy borrowed $73,250 to purchase a home. The bank offered her an APR of 3.15% for a term length of 20 years. Excel calculates the
Lucy borrowed $73,250 to purchase a home. The bank offered her an APR of 3.15% for a term length of 20 years. Excel calculates the monthly payment to be $411.77. If she were to pay only the minimum payment for the lifetime of the loan, how much will Lucy be paying in interest?
Lucy borrowed $73,250 to purchase a home. The bank offered her an APR of 3.15% for a term length of 20 years. Excel calculates the monthly payment to be $411.77. If she were to pay only the minimum payment for the lifetime of the loan, how much will Lucy be paying in interest?
$98,824
$38,598
$25,574
$3,113
$2,307
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College Algebra And Trigonometry A Unit Circle Approach,
Authors: Mark Dugopolski
5th Edition
0321908252, 9780321908254
