Question: I need help with 28 & 29. Question 28 5.25 pts John borrowed $20,000 to finance his college education. If the finance charge on the

I need help with 28 & 29.

Question 28 5.25 pts John borrowed $20,000 to finance his college education. If the finance charge on the loan is 6.00% per year, and he will pay off the loan in 10 equal, annual, end-of-year payments, how much total interest (rounded to the nearest dollar) will he pay? O $2.717 O $7,174 O $11,168 O $27,174 O $31.168. 525 Question 29 5.25 pts You have just found your dream home. The selling price is $120,000. You will put $20,000 down and obtain a 30-year fixed-rate mortgage at 7.25% compounded monthly for the rest. Assume that monthly payments begin in one month. What will each payment be (rounded to the nearest dollar)? $819 $725 $682 $511 O$401 D

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