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You recently obtained a loan to purchase a $275,000 home; the loan terms included annual payments for a 25-year term at an interest rate of
You recently obtained a loan to purchase a $275,000 home; the loan terms included annual payments for a 25-year term at an interest rate of 6 percent.What is the total amount of interest that you will pay on the loan?Round your final answer to the nearest whole dollar.
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