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Anton took out a 20-year loan for $90,000 at an APR of 10.5% compounded monthly, approximately what would be the total cost of his loan if he paid it off 12 years early?

Anton took out a 20-year loan for $90,000 at an APR of 10.5% compounded monthly, approximately what would be the total cost of his loan if he paid it off 12 years early?
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Anton took out a 20-year loan for $90,000 at an APR of 10.5% compounded monthly, approximately what would be the total cost of his loan if he paid it off 12 years early?

User Forwheeler
by
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2 Answers

2 votes

Answer: $159,661.69 ApeX

User Svante
by
7.9k points
4 votes
The answer would be $159,661.69. i think
User Austinh
by
8.5k points
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