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Amy bought her house on Dec. 1 and took a $180,000 mortgage as part of the payment. The 15-year mortgage has an 8.4 nominal annual
Amy bought her house on Dec. 1 and took a $180,000 mortgage as part of the payment. The 15-year mortgage has an 8.4 nominal annual rate, but It calls for monthly payments beginning next Jan. 1 next year. how much is the total interest paid after the 8th payment?
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