Stumble Bum and his wife, Alex, just bought a new home and financed the purchase with $350,000 30-year fixed-rate loan at 4%. If they take 30 years to pay off the loan, what will be the lifetime interest they will pay? Note: solve with financial calculator.

Answer rating: 100% (QA)

While I cannot directly use a financial calculator I can help you solve this problem and guide you t... View the full answer