Question: Nancy recently bought a house for $325,000 using a 15 year home loan with 6.186% interest rate. She used 20% of the amount towards the
Nancy recently bought a house for $325,000 using a 15 year home loan with 6.186% interest rate. She used 20% of the amount towards the downpayment and took loan for the balance amount. How much mortgage interest can she expect to pay during the course of this loan? Assume monthly compounding 174,554 176,592 141,274 139,644
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