Josiah took out a 30-year loan for $330,000 at 2.7% interest, compounded monthly. If his monthly payment on the loan will remain $1338.47 for the life of the loan, how much will Josiah have paid in interest once the loan is paid off?

A.

$481,849.20

B.

$330,000.00

C.

$151,849.20

D.

$338,910.00

Question

Josiah took out a 30-year loan for $330,000 at 2.7% interest, compounded monthly. If his monthly payment on the loan will remain $1338.47 for the life of the loan, how much will Josiah have paid in interest once the loan is paid off?



 



A.

$481,849.20




 



B.

$330,000.00




 



C.

$151,849.20




 



D.

$338,910.00

anonymous · Answer

APEX: $151,849.20 ~~~ EDDIE DARK CONFIRMED YO! ;)