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If Fred and Wilma borrows $200,000 to purchase a home with an interest rate of 7.5 percent for 30 years and a monthly payment of
If Fred and Wilma borrows $200,000 to purchase a home with an interest rate of 7.5 percent for 30 years and a monthly payment of $1,398, how much total interest will they pay over the life of the loan (30 years)?
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