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You borrow $75,000 to be paid monthly over the next ten years. How much interest will you pay over the life of the loan, if
You borrow $75,000 to be paid monthly over the next ten years. How much interest will you pay over the life of the loan, if the interest rate is 9.5% compounded monthly? Assume you make each of the required payments on time. O $11,945 $41,458 $44,450 $116,458 None of the above is correct
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
