genyjoannerubiera
genyjoannerubiera
27.05.2021 • 
Mathematics

You want to purchase a home for $200,000. The loan will be compounded monthly, has a rate of 3%, and the term is 15 years. How
much money would you have saved (in interest) if you had $40,000 in cash
as a down-payment? Provide an numeric answer rounded to the nearest dollar.

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