You are buying a house that costs $800,000 and you have $80,000 for a down payment. The bank will lend you $720,000 at a rate of 3.5%, compounded semi-annually, and amortized over 30 years. What is the total amount of interest paid on the loan over its 30-year life? Multiple Choice $150,500 O $854,250 O O $295,375 U O $440,273