Peter takes a fixed-rate, 25-year loan with a monthly payment of $980.00. The amount financed...
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Accounting
Peter takes a fixed-rate, 25-year loan with a monthly payment of $980.00. The amount financed was $122,000. What is the total amount of interest charged?
Select one:
a. $163,820
b. $153,800
c. $173,620
d. $172,000
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