moonlightparis5728 moonlightparis5728

14-01-2019
Mathematics

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A house cost $150,000. If a loan is taken out for 15 years at 3.5%, what is the interest on the loan?

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robert7248 robert7248

14-01-2019

Answer:

The interest is 3.5% a month. That payment is $1.072.32. This is a total of $43,017.60 at the end of the 15 years.

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