You borrow $165,000 to buy a house. The mortgage rate is 4.5


Question Description:

25

You borrow $165,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 30 years. Payments are made monthly. If you pay the mortgage according to the loan agreement, how much total interest will you pay? Answer $106,408 $129,079 $135,971 $164,319 $191,406

Answer

25