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You buy a house for $ 2 2 8 , 0 0 0 . A bank offers you a mortgage with an interest rate of

You buy a house for $228,000. A bank offers you a mortgage with an interest rate of 7.5% for 30 years with a monthly payment of $1,465.90. True or False: The interest paid to the nearest penny is $89,816.
You buy a house for $228,000. A bank offers you a mortgage with an interest rate of 7.5% for 30 years with a monthly payment of $1,465.90. True or False: The interest paid to the nearest penny is $89,816.
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