The Henley's took out a loan for 195,000 to purchase a home. At a 4.3% interest rate compounded annually ,how much interest will they have paid after 30 years? 471,259.24 Groundhog Day 429,305.61 the 4th of July 494,546.99 Valentine's Day 412,749.79 Labor Day

## Step 1: Identify the given values:- Principal amount, - Interest rate, (converted to decimal)- Number of times interest is compounded per year, (annually)- Time in years, ## Step 2:Use the compound interest formula to calculate the amount after 30 years:### Substitute the given values into the formula:### ## Step 3:Perform the calculation:### ### ### ### ## Step 4:Calculate the interest paid by subtracting the principal amount from the amount after 30 years:### ### ###