Brad decides to purchase a $265,000 house. He wants to finance the entire balance. He has received an APR of 3.9% for a 25 year mortgage. Over the course of the loan how much interest will Brad pay? Round your answer to the nearest hundredth

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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Brad decides to purchase a $265,000 house. He wants to finance the entire balance. He has received an APR of 3.9% for a 25 year mortgage. Over the course of the loan how much interest will Brad pay? Round your answer to the nearest hundredth
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