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Ervin has a 25-year mortgage for $196,000. His loan has 2.9% annual fixed interest compounded monthly. After Ervin makes all the payments, what is the

Ervin has a 25-year mortgage for $196,000. His loan has 2.9% annual fixed interest compounded monthly. After Ervin makes all the payments, what is the total cost of his loan?

a. $232,191.00 dollars

b. $79,787.00 dollars

c $36,191.00 dollars

d. $275,787.00

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