Multiple Choice
You have borrowed $130,000 to buy a new motor home. Your loan is to be repaid over 15 years at 8% compounded monthly. How much total interest will you save over the life of the loan by paying an extra $200 per month loan?
A) $24,247
B) $41,872
C) $69,418
D) $81,763
Correct Answer:
Verified
Correct Answer:
Verified
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