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 11ea6c22_9309_9d33_9716_b373dcb4852f_TB1200_00 Total interest = (30 × 12 × $652.31)- $132,600 = $102,231.60

Shawn Borrowed $132,600 at 4