Question: Loan amount: $ 1 , 0 0 0 , 0 0 0 Term: 3 0 Years Structure: Fully amortizing Payments: annual How much more interest

Loan amount: $1,000,000
Term: 30 Years
Structure: Fully amortizing
Payments: annual
How much more interest is paid over the life of the loan at 7% vs 4%?
(You can calculate monthly payments too, the answer is not significantly different)
Loan amount: $1,000,000 Term: 30 Years Structure: Fully amortizing Payments: annual

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