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:
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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