Answer:
$1,220,200
Step-by-step explanation:
The total of Mary's payments is ...
$3695.20/mo × 30 yr × 12 mo/yr = $1,330,200
The difference between this repayment amount and the value of her loan is the interest she pays:
$1,330,200 -110,000 = $1,220,200 . . . total interest paid
_____
Mary's effective interest rate is about 40.31% per year--exorbitant by any standard.
Answer:
16
Step-by-step explanation:
To convert a pexent to a decimal you have to multiply by 100.
Move the decimal: Another way to convert from decimal to percentage format is to move the decimal two places to the right.
Hope this helped :)
Have a good day
The answer is B 2,142.72 because when you add it all up then multiply by 12 it will equal that.
