Ask Question
17 November, 02:23

Dic Hercher bought a home in Homewood, Illinois, for $230,000. He put down 20% and obtained a mortgage for 25 years at 8%. What is the total interest cost of the loan?

A. $242,411.00

B. $184,000.00

C. $327,372.80

D. $242,144.00

+2
Answers (1)
  1. 17 November, 06:09
    0
    The answer is D

    the correct answer is really $242,042.55
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Dic Hercher bought a home in Homewood, Illinois, for $230,000. He put down 20% and obtained a mortgage for 25 years at 8%. What is the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers