If The Virginian Company Pays Off Its 10 Million Mortgage At An Annual Interest

If the Virginian Company pays off its $10 million mortgage at an annual interest rate of 9%, by monthly payments at the end of each month for 30 years, how much interest will the company pay for the first month of the mortgage?

  1. 75,000
  2. 75,100
  3. 76,000
  4. 76,900
 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
ORDER NOW