Question: Question 7 You borrow $ 1 9 9 , 0 0 0 to buy a house. The mortgage rate is 5 . 5 percent, compounded

Question 7
You borrow $199,000 to buy a house. The mortgage rate is 5.5 percent, compounded monthly. The loan period is 30 years, and payments are made loan agreement, how much total interest will you pay?
$218,086
$198,161
$185,059
$211,086
$207,764
Question 7 You borrow $ 1 9 9 , 0 0 0 to buy a

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