Joe and victoria take out a $200,000 loan for a real estate investment. the $200,000 is compounded monthly for 20 years at a 4.5% interest rate. what is the estimated interest on this $200,000 loan?

First we need to find the amount after 20 years

The formula is

A=p (1+r/n)^nt

A future value?

P present value 200000

R interest rate 0.045

n compounded monthly 12

T time 20 years

A=200,000×(1+0.045÷12)^(12×20)

A=491,093.27

Now find the interest

I=A-p

I=491,093.27−200,000

I=291,093.27Answer

Hope it helps!

the answer is d. (1.2, -4.7) on edgn

hope this !

step-by-step explanation:

milk=16 large

soda=280 kids

juice box=82 regular

63 soda +63 regular

124 large total