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The price of a home is $ 1 4 0 , 0 0 0 . The bank requires a 1 5 % down payment. The
The price of a home is $ The bank requires a down payment. The buyer is offered two mortgage options: year fixed at compounded monthly, or year fixed at compounded monthly.
Part : Calculate the total amount of interest paid for the year option.
Select the correct answer below:
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$
$
$
$
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