Solve.Determine how much of the total loan payment applies toward principal and how much applies toward interest for a home mortgage of $136,538 with a fixed APR of 4.4% for 15 years.
A. $136,538 pays off the principal and $50,340.10 represents interest payments.
B. $136,538 pays off the principal and $50,267.78 represents interest payments.
C. $136,538 pays off the principal and $50,185.10 represents interest payments.
D. $136,538 pays off the principal and $50,219.55 represents interest payments.
Answer: D
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C. -
(
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