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You have borrowed $400,000 to purchase a new home. After making monthly payments of $1,190 for 5 years you notice you still owe the bank
You have borrowed $400,000 to purchase a new home. After making monthly payments of $1,190 for 5 years you notice you still owe the bank $352,200. How much interest (in $s) did you pay over the 5 year period?
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