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Question Craig decides to purchase a property that has been valued at $475,000. He has $80,000 available as a deposit and will require a mortgage

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Question Craig decides to purchase a property that has been valued at $475,000. He has $80,000 available as a deposit and will require a mortgage for the remaining amount. The bank offers him a 25 year mortgage at 2% interest. Calculate the total interest he will pay over the life of the loan, assuming he makes monthly payments. Round your answer to the nearest ten dollars. Do NOT round until you have calculated the final answer, Provide your answer below. SO

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