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You borrowed $200,000 from a bank to buy a house at 4.5% interest for 30 years with monthly payments. How much do you need to
You borrowed $200,000 from a bank to buy a house at 4.5% interest for 30 years with monthly payments. How much do you need to pay every month? And how much interest will you pay to the bank during year 10 only?
A. monthly payment = 665.55 interest in year10 = 6974.68
B. monthly payment = 1,013.37 interest in year10 = 7,326.68
C. monthly payment = 765.55 interest in year10 = 6974.68
D. monthly payment = 1915.13 interest in year10 = 6737.68
E. monthly payment = 1915.13 interest in year10 = 7326.68
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