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Jason has a mortgage of $384,000 through his bank for property purchased. The loan is repaid by end of month payments of $3,300.88 with an
Jason has a mortgage of $384,000 through his bank for property purchased. The loan is repaid by end of month payments of $3,300.88 with an interest rate of 6.29% compounded monthly over 15 years. What is the interest paid in the 12th year of the mortgage? Enter a POSITIVE VALUE for the answer, rounded to two decimal places. P1 == P2 == Interest paid in 12th year == $(enter a positive value)
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