assignmentcafe.com – Cam Pewton took a loan of $680,000 to start a new restaurant. The loan is for 15 years and monthly payments at an APR of 8.35%. How much total interest is paid on this loan in the first year? 2022 latest answers

assignmentcafe.com –

Cam Pew ton took a loan of $680,000 to start a new restaurant. The loan is for 15 years and monthly payments at an APR of 8.35%. How much total interest is paid on this loan in the first year?

 

Group of answer choices

 

$49,523.45

 

$56,780.00

 

$23,754.33

 

$55,884.56

 

$58,125.68