Find the total payments if the loan is $175,000 compounded monthly at 6.24% for 30 years? Group of answer choices $1,337,792.19 $1,587,492.19 $399,499.99 $1,132,219.99
Find the total payments if the loan is $175,000 compounded monthly at 6.24% for 30 years? Group of answer choices $1,337,792.19 $1,587,492.19 $399,499.99 $1,132,219.99
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 payments if the loan is $175,000 compounded monthly at 6.24% for 30 years?
Group of answer choices
$1,337,792.19
$1,587,492.19
$399,499.99
$1,132,219.99
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