Question
Michelle would like to know how much of her loan payments will go toward interest. She has a $124,500 loan with a 5.9% interest rate
Michelle would like to know how much of her loan payments will go toward interest. She has a $124,500 loan with a 5.9% interest rate that is compounded monthly. The loan has a term of 10 years. Calculate the total amount of interest that Michelle will pay over the course of the loan.
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Behavioral Finance And Wealth Management
Authors: Michael M. Pompian
2nd Edition
1118014324, 978-1118014325
