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Wally Bee purchased a new home for $250,000 with a $40,000 down payment. He financed the remainder with a 4% mortgage for 30 years .
Wally Bee purchased a new home for $250,000 with a $40,000 down payment. He financed the remainder with a 4% mortgage for 30 years.
Question
How much will Wally end up paying in interest expense on his 30 year mortgage?
Group of answer choices
$360,914
$150,914
$130,914
$110,914
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