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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.
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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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Sedovav
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The answer is D
the correct answer is really
$242,042.55
Eitan Peer
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Aug 8, 2019
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Eitan Peer
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Answer: Correct
D.
$242,144.00
Step-by-step explanation:
IKushal
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Aug 11, 2019
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