How much will you pay in interest over the life of the loan

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Reference no: EM13755578

You are considering purchasing a house in which the loan will be for $250,000. The interest rate on the loan is 4.25%, compounded monthly. If you finance it for 30 years, how much will you pay in interest over the life of the loan?

Reference no: EM13755578

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How much will you pay in interest over the life of the loan : You are considering purchasing a house in which the loan will be for $250,000. The interest rate on the loan is 4.25%, compounded monthly. If you finance it for 30 years, how much will you pay in interest over the life of the loan?

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