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John recently bought a house, and he financed it with a $250,000, 30-year mortgage with an annual interest rate of 7 percent. The mortgage payments

John recently bought a house, and he financed it with a $250,000, 30-year

mortgage with an annual interest rate of 7 percent. The mortgage payments are

made at the end of each year. What total dollar amount of the mortgage

payments during the first three years will go towards paying interest?

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