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You plan to purchase a new home in the amount of $165,500. You are required to make a 20% down payment in cash. The bank
You plan to purchase a new home in the amount of $165,500. You are required to make a 20% down payment in cash. The bank agrees to give you a 30-year, fixed interest rate of 4.6% for the amount of the mortgage loan. Calculate the amount of interest you will have paid at the end of 30 years. Round your answer to the nearest cent (penny). Do not type a dollar sign.
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