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You take out a $300,000 equal monthly payment loan over 30 years to purchase a new home. The APR is 6% compounded monthly. The total

You take out a $300,000 equal monthly payment loan over 30 years to purchase a new home. The APR is 6% compounded monthly. The total interest that will be paid over the life of the loan is closest to: $348,000 $540,000 $18,000 $244,000

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