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You purchase a condo in New Albany, Ohio for $250,000, make a down payment of $20,000, and finance the balance over 20 years with monthly
You purchase a condo in New Albany, Ohio for $250,000, make a down payment of $20,000, and finance the balance over 20 years with monthly payments and APR of 6.65% (compounded monthly), how much interest will you pay over the life of the loan assuming that you make all payments on time and do not pay the loan off early?
$186,446
$215,659
$230,000
$272,932
$284,501
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