Question: You borrow $ 5 5 9 , 2 2 1 to buy a house. The mortgage rate is 4 . 4 9 % APR and

You borrow $559,221 to buy a house. The mortgage rate is 4.49% APR and the loan term is 29 years. Payments are made monthly. Suppose you pre-pay an additional 12.0% per month on the loan. How much in total will you PAY on the loan with this pre-payment strategy? Round to the nearest dollar.
$904,298
$1,001,078
$786,934
$1,121,207
$897 A09
You borrow $ 5 5 9 , 2 2 1 to buy a house. The

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