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18. You plan to buy a house that sells for $200,000. You plan to put 5% down and finance the rest. You plan to take

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18. You plan to buy a house that sells for $200,000. You plan to put 5% down and finance the rest. You plan to take a 30 year mortgage with a stated annual interest of 6%. You plan to pay off the loan by making equal monthly payments at the end of each month over the next 30 years. How much (total) interest would you pay over the life of the loan? a. $210,999.32 b. $220,092.56 c. $230,092.56 d. $280,030.68 e. $342,000.00

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