Share In another tab for offline editing. Editing from this tab is suspended and changes from other sessions will not be shown until you reconnect to the network. Background Layout Theme Transition 2 3 4 5 FEET 6 TELE7 8 9 Modeling Exercise 8 How much interest do you pay over the life of the loan? To compute this, note that interest accrues at a rate of rp(t) dollars per year, continually; this is the first term on the right in (10). The total interest paid should therefore be the accumulation or sum where T, the time the loan is paid off, is from the last exercise. Show that the expression in (2.74) has the units of dollars. Compute the integral in this case, with p(0) = $250,000 dollars, r = 0.03 per year, and b = 1726.45 per month