You recently obtained a loan to purchase a $275,000 home; the loan terms included annual payments for a 25-year term at an interest rate of 6 percent. What is the total amount of interest that you will pay on the loan? Round your final answer to the nearest whole dollar.
You recently obtained a loan to purchase a $275,000 home; the loan
terms included annual payments for a 25-year term at an interest rate of 6 percent. What is the total amount of interest that you will pay on the loan? Round your final answer to the nearest whole dollar.
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The post You recently obtained a loan to purchase a $275,000 home; the loan terms included annual payments for a 25-year term at an interest rate of 6 percent. What is the total amount of interest that you will pay on the loan? Round your final answer to the nearest whole dollar. appeared first on Superb Professors.
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