Question
Please show work You have borrowed $130,000 to buy a new motor home. Your loan is to be repaid over 15 years at 8% compounded
Please show work
You have borrowed $130,000 to buy a new motor home. Your loan is to be repaid over 15 years at 8% compounded monthly How much total interest will you save over the life of the loan by paying an extra $200 per month loan?
a $24,247
b $41,872
c $69,418
d $81,763
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
10th Edition
026204627X, 978-0253337535
