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Peter has a mortgage of $ 3 6 2 , 0 0 0 through his bank for property purchased. The loan is repaid by end
Peter has a mortgage of $ through his bank for property purchased. The loan is repaid by end of month payments of $ with an interest rate of compounded monthly over years. What is the interest paid in the th year of the mortgage? Enter a POSITIVE VALUE for the answer, rounded to two decimal places.
Interest paid in th year $
enter a positive value
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