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4. How much interest will you pay in the 12th year of a $100,000, 5.5%, 25 year mortgage, assuming annual compounding? a. 3,999.631 b. 3,914.789

4. How much interest will you pay in the 12th year of a $100,000, 5.5%, 25 year mortgage, assuming annual compounding?

a. 3,999.631

b. 3,914.789

c. 3,956.149

d. 3,922.347

e. 3,931.961

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