SHAWN Bought A Home For $100,000 He Put 20 Percent Down And Obtained A Mortgage For 30 Years At 5 1/2 Percent What Is The Total Interest Cost Of The Loan? A158,4000.00 B104,480.00 C83,584.00 D63,584.00


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I don't feel like searching for formula to calculate the exact amount of interest you have to pay, but from my experience the total interest will double the total cost of your house. I would go for 83,583.

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