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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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