If you buy a new condo for $200,000, financing the entire purchase price plus $10,000 in closing
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If you buy a new condo for $200,000, financing the entire purchase price plus $10,000 in closing costs via a 360-month mortgage with an APR of 8 percent, how much total interest (to the nearest dollar) will you pay over the life of the loan if you take the full 30 years to pay it off?
a. $139,006
b. $143,639
c. $344,726
d. $2,678,400
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