Mathematics, 01.08.2019 19:00 cvvalle15

Maurice took out a 25-year loan from his bank for $165,000 at an apr of 2.4%, compounded monthly. if his bank charges a prepayment fee of 6 months' interest on 80% of the balance, what prepayment fee would maurice be charged for paying off his loan 11 years early? a. $818.55 b. $740.77 c. $585.55 d. $731.94

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Maurice took out a 25-year loan from his bank for $165,000 at an apr of 2.4%, compounded monthly. if...

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