Shawn borrowed $132,600 at 4.25 percent for 30 years to purchase a home.Payments are to be paid monthly.If all payments are paid as agreed,how much total interest will be paid? (Round the monthly payment to two decimal places when computing the total interest paid.)

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$132,600 = C({1 - 1 / [1 + (0.0425 / 12)]^30×12} / (0.0425 / 12)) C = $652.31 11ea5bb7_de39_20a7_8724_1991ac3ca654_TB1005_00 Total interest = (30 × 12 × $652.31)- $132,600 = $102,231.60

Shawn Borrowed $132,600 at 4