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A home buyer bought a house for $ 2 4 5 , 0 0 0 . The buyer paid 2 0 percent down but decidedto

A home buyer bought a house for $245,000. The buyer paid 20 percent down but decidedto finance closing costs of 3 percent of the mortgage amount. If the borrower took out a 30-year fixed-rate mortgage at a 5 percent annual interest rate, how much interest will theborrower pay over the life of the mortgage?

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