Liz borrowed $52,500 to purchase a home. The bank offered

Last updated: 8/11/2022

Liz borrowed $52,500 to purchase a home. The bank offered her an APR of 3.49% for a term length of 15 years. Excel calculates the monthly payment to be $375.06. If she were to pay only the minimum payment for the lifetime of the loan, how much will Liz be paying in interest? A) $1,832 B) $67,510 C) $2,356 D) $21,039 E) $15,010