Using an online loan calculator, find the total cost of repaying a $75,000 mortgage loan with a 4.5% fixed annual interest rate compounded monthly and a 30-year loan term. (1 point)
$136,805.03
$75,000
$61,805.03
$380.01
According to the given information, we can use an online loan calculator to find the total cost of repaying the mortgage loan.
Using the online calculator, the total cost of repaying the $75,000 mortgage loan with a 4.5% fixed annual interest rate compounded monthly and a 30-year loan term is $136,805.03.
Therefore, the correct answer is $136,805.03.