Business, 21.10.2020 23:01 addie75

Terry took out a mortgage loan for $60,000 at an interest rate of 11% for 25 years. If Terry had not had a bankruptcy on her credit report, her payments could have been $424.07 per month. How much is Terry paying in additional
interest over the life of the loan?
a. $49.200.00
b. $2,272.36
c. $163.00
d. $56,809.00

Answers: 3

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Terry took out a mortgage loan for $60,000 at an interest rate of 11% for 25 years. If Terry had not...