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Lilo and Stitch are buying a $125,000 house and putting 20% down. The bank is offering a 20-year loan at 5% compounded monthly. a) What is the loan amount? b) What will the monthly payment be? c) What
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Lilo and Stitch are buying a $125,000 house and putting 20% down. The bank is offering a 20-year loan at 5% compounded monthly.

a) What is the loan amount?
b) What will the monthly payment be?
c) What is the (approximate) total amount of interest paid during the term of the loan?

User NuPagadi
by
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2 Answers

6 votes

I believe the answer your looking for is C) what is tthe (approximate) total amount of interest paid during the term of the loan.

User Larson
by
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3 votes

Answer:

I saw lilo and stitch so hi and I should know this but I don't sorry

User Passiondroid
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