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If your parents borrows $160,000 with a 30-year fixed-rate loan at 9% with monthly payments. How much total interest do they pay over the life

If your parents borrows $160,000 with a 30-year fixed-rate loan at 9% with monthly payments. How much total interest do they pay over the life of the loan?

a. $263,464

b. $303,464

c. $463,464

d. None of above

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