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Marvin Bass bought a home for $180,000, putting down $50,000. He financed the rest with a 25 year 14% mortgage. His monthly payments on principal
Marvin Bass bought a home for $180,000, putting down $50,000. He financed the rest with a 25 year 14% mortgage. His monthly payments on principal and interest are $1,564.89. Calculate the total cost of interest for Marvin's loan. (Round your answer to the nearest cent.) $
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