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1 February, 08:32

Dic Hercher bought a home in Homewood, Illinois, for $230,000. He put down 20% and obtained a mortgage for 25 years at 8%. What is the total interest cost of the loan?

A. $242,411.00

B. $184,000.00

C. $327,372.80

D. $242,144.00

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Answers (1)
  1. 1 February, 08:47
    0
    The answer is D

    the correct answer is really $242,042.55
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