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Posted on Aug 02, 2024

if a borrower takes out a $ 9 0 , 0 0 0 loan at 7 . 5 % interest to be repaid at the

if a borrower takes out a $

90, 000

loan at

7.5 %

interest to be repaid at the end of

15

years with interest paid annually, what is the total interest that the borrower will pay over the life of the loan?

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