Solve the Problem

Multiple Choice

Solve the problem. If necessary, refer to the table below.
-In order to purchase a home, a family borrows $65,000 at an annual interest rate of 11%, to be paid back over a 30-year period in equal monthly payments. How much interest will they pay over the
30-year period? Round to the nearest dollar.

A) $157,844
B) $215,694
C) $445,867
D) $222,844