Use the Table Provided in the Handbook

Short Answer

Use the table provided in the handbook. Al Bang is worried about the financing of his new home. The house sells for $70,000. If he puts down 20%, what will Al's payment be, and what would be the total cost of interest over the cost of the loan for each assumption?
A. 25 years 12%
B. 25 years 13%
C. 25 years 13 3/4%
D. 25 years 14 3/4%