The mortgage on your new home is $199,051. The loan is at 6.0% interest for 30 years.

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The mortgage on your new home is $199,051. The loan is at 6.0% interest for 30 years. How much interest will you pay to the bank if you make payments for the full 30 years?

$230,577.07

$250,482.17

$213,391.95

$223,373.52

$273,539.88

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0133400694

1st canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi

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Posted Date: Feb 13, 2024 01:48 AM

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The mortgage on your new home is $199,051. The loan is at 6.0% interest for 30 years.

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Fundamentals of Corporate Finance

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