The Good Life Store has a 6-year, interest-only loan at 9 percent interest. The firm originally borrowed $125,000. How much will the firm pay in total interest over the life of the loan?
A) $42,189.84
B) $53,666.67
C) $67,500.00
D) $69,000.00
E) $74,500.00
Correct Answer:
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