Mathematics, 05.05.2020 15:31 Theyfall4raven

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?

A. $312,423.90

B. $316,825.20

C. $37,842.06

D. $274,581.84

Answers: 1

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