Homework Answers
Hello Sir/ Mam
YOUR REQUIRED ANSWER IS OPTION B
Using excel functions:
| 10 years | 7 years | 5 years | |
| Total Interest | $7,472.73 | $5,087.92 | $3,573.37 |
| Total Cash Payments | $26,472.73 | $24,087.92 | $22,573.37 |
| EMIs | $220.61 | $286.76 | $376.22 |
Hence,
Part B is correct.
I hope this solves your doubt.
Feel free to comment if you still have any query or need something else. I'll help asap.
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