How much total interest will you pay

Reference no: EM13295549

You borrow $149,000 to buy a house. The mortgage rate is 7.5% and the loan period is 30 years. Payments are made monthly. If you pay for the house according to the loan agreement, how much total interest will you pay?

Answer

$138,086

$218,161

$226,059

$287,086

$375,059

Reference no: EM13295549

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