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If you make monthly payments of $1,000 for 10 years, determine the total payment over the lifetime of the loan.



a.

$10,000

c.

$120,000


b.

$100,000

d.

$130,000

Respuesta :

Aliwohaish12
Hi there

There are 12 months a year
To find how many months in 10 years
Just multiply 12 by 10
12×10=120 months

So total payment over the lifetime of the loan is
1,000×120=120,000....answer

Good luck!

Answer:

120,000

Step-by-step explanation:

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