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Suppose I want to borrow $115,000 and I find a bank offering a 20-year loan with an APR of 6 %. Please help me to
Suppose I want to borrow $115,000 and I find a bank offering a 20-year loan with an APR of 6 %. Please help me to figure out the TOTAL payout for each loan.
A. The payment for n= 1 would be $10,026
B. The payment for n= 12 would be $824.00
C. The payment for n= 26 would be $380.00
D. The payment for n= 52 would be $190.00
**PLEASE help me to ROUND THE TOTAL PAYOUTS ABOVE to the NEAREST DOLLAR $$$***
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