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This year, you purchased a ranch in Moriarty for $7,200,000 with a 20% down payment. You have a 30-year, 3.8% APR mortgage (compounded monthly); how

This year, you purchased a ranch in Moriarty for $7,200,000 with a 20% down payment. You have a 30-year, 3.8% APR mortgage (compounded monthly); how much will you pay in interest in the 16th year of the loan?

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