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You currently owe $325 a month on a loan which is charging you 8.9% interest, compounded monthly, and you have 15 years to go on
You currently owe $325 a month on a loan which is charging you 8.9% interest, compounded monthly, and you have 15 years to go on the loan. How much total do you still owe on the loan? This is often called the amount to pay off the loan. Question 17 options: a) $32,231.63 b) $121,878.16 c) $4,597.51 d) $58,500 e) None of the above
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