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Only need the answer for question 25.....information to answer the question is found in question 24 You borrowed 15-year loan of $250,000 from QNC bank
Only need the answer for question 25.....information to answer the question is found in question 24
You borrowed 15-year loan of $250,000 from QNC bank to buy a house. The interest rate is 6 percent per year, and the loan calls for equal monthly payments. How much total interest is paid in the 3rd year? $12,363.11 $13,363.11 $14,363.11 $15,363.11 Question 25 4 pts (Previous question continued) How much total interest is paid over the life of the loan? $99,735.57 $109,735.57 $119,735.57 $129,735.57Step by Step Solution
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