Suppose you purchase a home and obtain a 10-year loan of $150,000 at an annual interest rate of 6.5%. Find the amount of interest that will be paid on the loan over the 10 years. Round your answer to the nearest cent.

a.  $54,386.36
b.  $204,386.36
c.  $97,500.00
d.  $131,570.62
e.  $136,827.56


a.  $54,386.36

Mathematics

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