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Tom wishes to purchase a property that's been valued at $ 3 2 0 , 0 0 0 . He has 2 5 % of

Tom wishes to purchase a property that's been valued at $320,000. He has 25% of this amount available as a cash deposit and will require a mortgage for the remaining amount. The bank offers him a 25-year mortgage at 2% interest. Calculate the total interest Tom will pay over the lifetime of the loan.Round your answer to the nearest dollar. Do not round until you have calculated the final answer.

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