<u>Given:</u>
Loan amount = $250000
Interest rate = 5.5%
Interest payment = $2042.71
<u>To find:</u>
Total amount of interest
<u>Solution:</u>
The total number of months in 15 years = 
Total monthly payments will be 
So, the total pay-backs will be $3,67,687.8
Total interest paid will be as follows,
On plugging-in the values in the above formula we get,
Therefore, the total amount of interest that the borrower will pay over the course of the loan is $1,17,687.80.
The largest proportion of federal revenues comes from C. Personal income taxes.
A command economy is no freedom to the people.
The mixed economy has public input and government input
A free-market system is to the public where they can freely change prices and products. It is free from government intrusion
A repair order does have to be signed or verbally agreed on by the customer because they are agreeing to pay for the service that is completed by the repair shop. If the customer signs the paperwork agreeing that the work can be completed, they are also agreeing they will pay for the service. The customer will be held responsible of they do not pay.
