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You plan to borrow $350,000 at a 7.5% annual interest rate. The terms require you to amortize the loan with equal end-ofmonth payments for 15

You plan to borrow $350,000 at a 7.5% annual interest rate. The terms require you to amortize the loan with equal end-ofmonth payments for 15 years ( 180 months). How much interest would you be paying in the 75 th month

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