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Calculate the total payments and total interest expense for a $150,000 loan with terms 6%, 30...

Calculate the total payments and total interest expense for a $150,000 loan with terms 6%, 30 years compounded monthly. The loan is assumed to be held to maturity.

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Answer #1

Ans total payments = 323757.28

total interest = 173757.28

Calculation of total payments and total interest expense for a $150,000 loan with terms 6%, 30 years compounded monthly is as follows:

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