I'LL MARK as IF YOU ANSWER THE QUESTION RIGHT. Mindy took out a 30-year house loan for $245,000 at 5.4% interest, compounded monthly, and her monthly payment on the loan will remain the same for the life of the loan. Mindy is wondering how much she will have paid in interest once the house loan is paid off. Help her find the answer. Part IV: What is the total amount that Mindy will have paid once the house loan is paid off?
Part V: How much will Mindy have paid in interest once the house loan is paid off?