Question: You going to purchase a new storage facility for $1,250,000. The loan is a 15-year fixed loan with a 3.875% APR. You are planning to

You going to purchase a new storage facility for $1,250,000. The

You going to purchase a new storage facility for $1,250,000. The loan is a 15-year fixed loan with a 3.875% APR. You are planning to put 20% down on this loan. Assume the payments are being made at the end of the period. How much interest did you pay in the 8th year only? O $24.237.9654 $22,268.3237 O $16,012.8399 $242.946.3182

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