Find the total amount of interest paid if the loan is $175,000 compounded at 6.24% for 30 years? Group of answer choices $272,492.19 $212,492.19 $252,492.19 $1075672.11
Find the total amount of interest paid if the loan is $175,000 compounded at 6.24% for 30 years? Group of answer choices $272,492.19 $212,492.19 $252,492.19 $1075672.11
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 6R
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Question
Find the total amount of interest paid if the loan is $175,000 compounded at 6.24% for 30 years?
Group of answer choices
$272,492.19
$212,492.19
$252,492.19
$1075672.11
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