You bought a ski chalet at Mount Tremblant for $300,000. You borrow the full amount over a 20-year term. The bank quotes you a rate of 6.7%. You choose to make 26 payments per year. Over the life of themortgage, what is the total amount of interest that youpay?

The total amount of interest paid over the life of the mortgage is $

nothing

.

(Round to the nearest cent asneeded.)