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OpenStudy (anonymous):
Ava took out a 30-year loan for $310,000 at 2.3% interest, compounded monthly. If her monthly payment on the loan will remain $1192.88 for the life of the loan, how much will Ava have paid in interest once the loan is paid off? A. $317,130.00 B. $310,000.00 C. $119,436.80 D. $429,436
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OpenStudy (anonymous):
Answer: C
OpenStudy (anonymous):
Yes Mam, Thats what I got. I did $1,192.88 times 360, then subtracted $310,000 to get the interest.
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