Brad decides to purchase a $275,000 house. He wants to finance the entire balance. He has received an APR of 3.2 % for a 30-year mortgage. Over the course of the loan, how much interest will Brad pay? Round your answer to the nearest hundredth.
Brad decides to purchase a $275,000 house. He wants to finance the entire balance. He has received an APR of 3.2 % for a 30-year mortgage. Over the course of the loan, how much interest will Brad pay? Round your answer to the nearest hundredth.
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 2PROB
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