Mathematics, 02.10.2019 23:30 sarahsompayrac

Misty has the choice of taking out a 25-year loan for $105,000 at 3.8% interest, compounded monthly, or the same loan at 20 years for a higher monthly payment. if she would pay a total of $57,810 in interest on the 25-year loan, how much in total would she pay in interest on the 20-year loan?

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Misty has the choice of taking out a 25-year loan for $105,000 at 3.8% interest, compounded monthly,...