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1. You are looking to take out a 30-year real estate loan with an APR of 8.5% and an initial principal of $150,000. How much

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1. You are looking to take out a 30-year real estate loan with an APR of 8.5% and an initial principal of $150,000. How much interest is paid over the life of the loan? (carry out your calculations at least four decimal points to ensure a correct answer)

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