Question: You borrow $ 5 5 0 , 0 0 0 for a cozy 2 bedroom, 2 bath apartment in Chicago. The bank quoted you an

You borrow $550,000 for a cozy 2 bedroom, 2 bath apartment in Chicago. The bank quoted you an interest rate of 4.5% for 15 years. If you make monthly payments, then how much interest did you pay on payment number twenty? Question 7Select one: a. $754.71 b. $1,904.40 c. $1,972.34 d. $2,138.57

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