Roy took out a 30-year loan for $155,000 at an APR of 5.5%, compounded
monthly. Approxim...
Mathematics, 05.05.2020 16:03 nathaniel12
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. $37,842.06
O
B. $312,423.90
O
C. $316,825.20
O
D. $274,581.84
Answers: 2
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