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How much interest will you pay in the 13th year of a $100,000, 5.5%, 25 year mortgage, assuming annual compounding? a.3,458.119 b. 3,578.147 c. 3,659.187

How much interest will you pay in the 13th year of a $100,000, 5.5%, 25 year mortgage, assuming annual compounding?

a.3,458.119

b. 3,578.147

c. 3,659.187

d. 3,738.198

e. 3,931.961

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