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Suppose that you would like to purchase a $250,000 home. Using 20% as a down payment, if you obtained a 30 year mortgage with a
Suppose that you would like to purchase a $250,000 home. Using 20% as a down payment", if you obtained a 30 year mortgage with a 4.25% interest rate, what is the total amount you would pay in payments over the term of the loan? How much of the total amount in payments would be interest? Use $ and commas as appropriate in your answer. Round your answer to the nearest cent.
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