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Terrell is purchasing a brand new home for $285,000. The terms of the home are 30 years with a fixed interest rate of 3.2% annually.

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Terrell is purchasing a brand new home for $285,000. The terms of the home are 30 years with a fixed interest rate of 3.2% annually. How much total interest would he pay throughout the life of the loan? Round to the nearest $1. (Hint: find the payment first). re-tax) O $139,582 O $158.711 O $167.859 br $149.258

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