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Consider a 30-year mortgage for $303,381 at an annual interest rate of 5%. After 11 years, the mortgage is refinanced to an annual interest
Consider a 30-year mortgage for $303,381 at an annual interest rate of 5%. After 11 years, the mortgage is refinanced to an annual interest rate of 3.3%. How much interest is paid on this mortgage? Round your answer to the nearest dollar.
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