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You bought a ski chalet at Mount Tremblant for $630,000. You borrow the full amount over a 25-year term. The bank quotes you a rate
You bought a ski chalet at Mount Tremblant for $630,000. You borrow the full amount over a 25-year term. The bank quotes you a rate of 5.9%. You choose to make 26 payments per year. Over the life of themortgage, what is the total amount of interest that youpay?
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