Liz borrowed $52,500 to purchase a home. The bank offered her an APR of 3.49%...
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Liz borrowed $52,500 to purchase a home. The bank offered her an APR of 3.49% for a term length of 15 years. Excel calculates the monthly payment to be $375.06. If she were to pay only the minimum payment for the lifetime of the loan, how much will Liz be paying in interest?A) $1,832B) $67,510C) $2,356D) $21,039E) $15,010
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