Answer:
After the loan is paid off, I would have paid $2,995 in interests.
Explanation:
If a loan for $ 1000 has an annual interest rate of 5.99%, annually the interest generated will have a value of $ 59.90 (1000 x 5.99 / 1000).
Therefore, throughout the 50 years of the loan, said annual amount will be repeated for the number of years that the loan lasts, that is, for 50. Therefore, at the end of the loan, interest will have been paid. about $ 2995 (59.9 x 50).