Alexia refinanced her home loan. The new loan of $88,000.00 has an interest rate of 3.4% compounded monthly. She is planning to pay off the loan in 22 years, what will her monthly payment be? (Round all answers to 2 decimal places.)
The monthly payment would be $.
Assuming Alexia paid all of the payments on time and did not prepay on the loan.
What is the total amount Alexia paid and the total interest?
The total amount Alexia paid was $ and the total interest was .
The monthly payment would be $.
Assuming Alexia paid all of the payments on time and did not prepay on the loan.
What is the total amount Alexia paid and the total interest?
The total amount Alexia paid was $ and the total interest was .