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You borrow $196,000 to buy a house. The bank is offering a 3% interest rate for 25 years. What will your monthly payments be? Monthly

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You borrow $196,000 to buy a house. The bank is offering a 3% interest rate for 25 years. What will your monthly payments be? Monthly Payment = How much will you pay for the entire loan term? Total Amount Paid = What is the total amount you will pay in interest for the entire loan term? Total Interest Paid =

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