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2 years ago

9

The Arnold's took out a loan for $195,000 to purchase a home. At a 4.3% interest rate compounded annually, how much total will t

hey have paid after 30 years?

1 answer:

Simora [160]2 years ago

8 0

Answer:

just interest = 251,550. Plus loan = 446,550

Step-by-step explanation:

195,000 x 0.043(interest as a decimal) = 8385 per year.

8385 x 30(years) = 251,550

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