Dec 31, 2014 you bought your first house with a loan of $190,000. The loan was a 30-year mortgage loan with an interest rate of 6% p.a. The first payment was paid on Jan 31, 2015. How much

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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On Dec 31, 2014 you bought your first house with a loan of $190,000. The loan was a 30-year mortgage loan with an interest rate of 6% p.a. The first payment was paid on Jan 31, 2015. How much interest did you pay in 2016?

 

options:

 

A)$11,336.53

 

B)$10,877.63

 

C)$11,192.62

 

D)$11,400.00

 

E)$11,718.78

 

 

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