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The Lees have purchased a new home for $ 3 6 0 , 0 0 0 , and put a down payment of$ 5 0

The Lees have purchased a new home for $360,000, and put a down payment of$50,000 on it. They have a mortgage for the balance, amortized over 20 years at 5.25%.If the Lees pay off the mortgage at the end of the 20 years, how much interest will they have paid in total?

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