Understanding Credit Quick Check
3 of 53 of 5 Items
Question
Using an online loan calculator, find the total cost of repaying a $75,000 mortgage loan with a 4.5% fixed annual interest rate compounded monthly and a 30-year loan term.(1 point)
Responses
$75,000
$75,000
$380.01
$380.01
$136,805.03
$136,805.03
$61,805.03
1 answer
The correct answer is $136,805.03.
1 answer