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Mathematics, 05.05.2020 16:03 nathaniel12

Roy took out a 30-year loan for $155,000 at an APR of 5.5%, compounded

monthly. Approximately what would be the total cost of his loan if he paid it

off 4 years early?

O

A. $37,842.06

O

B. $312,423.90

O

C. $316,825.20

O

D. $274,581.84

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Roy took out a 30-year loan for $155,000 at an APR of 5.5%, compounded

monthly. Approxim...

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