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Luis Rivera has taken out a mortgage loan for $225,000 at 4% for 5 years. What will be the total amount of interest paid? a.

Luis Rivera has taken out a mortgage loan for $225,000 at 4% for 5 years. What will be the total amount of interest paid?

a. $27,706.34

b. $21,7567.33

c. $14,855.65

d. $18,566.47

e. $12,444.66

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