Question: Bob and Marcus are buying a house. They have $22000 for a down payment. The house price is $176000. They have secured a 25 year

Bob and Marcus are buying a house. They have $22000 for a down payment. The house price is $176000. They have secured a 25 year loan with an annual interest rate of 4.3% compounded monthly, Use Excel to determine the size of the monthly payments they must make over the next 25 years to pay off the house. How much will they pay total over the 25 years? How much will they pay in interest of the 25 years? Express your answer rounded to the nearest cent!

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