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MCAP offers a fixed-rate mortgage with a twenty-five year term at 5.00%. The mortgage has a twenty-five year amortization period. You want to borrow $500,00

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MCAP offers a fixed-rate mortgage with a twenty-five year term at 5.00%. The mortgage has a twenty-five year amortization period. You want to borrow $500,00 to purchase a house. You choose monthly payments, which are $2,908.02. How much interest will you pay over the life of the mortgage? $312,251 $342,018 $373,824 $372,407 $376,885

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