How much total interest will be paid

Reference no: EM131884444

Question: A 15-year mortgage of $40,000 at 10 percent interest compounded monthly is to be paid off with monthly payments. How much total interest will be paid during the first two years? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131884444

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