Narrative 14-1For problems in this section, use Table 14-1 from your text to find the monthly mortgage payments, when necessary.
Refer to Narrative 14-1. Find the total interest for a mortgage of $96,500 at
for 25 years.
A. $99,000.00
B. $103,544.50
C. $125,876.54
D. $241,393.60
Answer: B
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