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You found your dream home in Memphis, Tennessee! The home is priced at $409,000. You plan to finance the home for twenty-five years, and the

You found your dream home in Memphis, Tennessee! The home is priced at $409,000. You plan to finance the home for twenty-five years, and the bank offers you a 2.75% interest rate with monthly payments.

How much interest will you pay over the life of the loan if you make payments for the full twenty-five years?

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