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you will need to borrow $275,000 to purchase a home. a mortgage company offers a 30-year fixed rate mortgae at 6% APR. If you borrow

you will need to borrow $275,000 to purchase a home. a mortgage company offers a 30-year fixed rate mortgae at 6% APR. If you borrow the money, assume the monthly mortgage payment is $1,750. how much interest will you pay on the loan for five years in total (just for year 5)? assume the monthly payments of $1,750 are made on time

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