Mathematics, 10.12.2021 23:10 viktoria1198zz

Lucy borrowed $73,250 to purchase a home. The bank offered her an APR of 3.15% for a term length of 20 years. Excel calculates the monthly payment to be $411.77. If she were to pay only the minimum payment for the lifetime of the loan, how much will Lucy be paying in interest?

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Lucy borrowed $73,250 to purchase a home. The bank offered her an APR of 3.15% for a term length of...

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