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Liula [17]
3 years ago
10

Cheyenne took out a 30-year loan for $350,000 at 2.9% interest, compounded monthly. If her monthly payment on the loan will rema

in $1456.80 for the life of the loan, how much will Cheyenne have paid in interest once the loan is paid off?
A. $350,000.00
B. $360,150.00
C. $524,448.00
D. $174,448.00
Mathematics
2 answers:
miskamm [114]3 years ago
7 0

Answer: $ 174,448.00 Apex

Leto [7]3 years ago
6 0
The answer is d.

Explanation:

1456.80 per month
1456.80 times 12 = how much per year
<span>17481.6 = how much per year
</span>17481.6 times 30 years = <span>524448
</span><span>$524448 - the original loan(350,000) = $174,448</span>
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