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Mathematics, 16.04.2020 02:04 nicolew647

Roy took out a 30-year loan for $155,000 at an APR of 5.5%, compounded

monthly. Approximately what would be the total cost of his loan if he paid it

off 4 years early?

O

A. $312,423.90

O

B. $37,842.06

O

O

c. $274,581.84

D. $316,825.20

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Answers: 2

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Roy took out a 30-year loan for $155,000 at an APR of 5.5%, compounded

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