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Your 20-year mortgage loan amount is $300,000, and the nominal interest rate is 3% p.a. How much interest will you pay for the 5th year?

Your 20-year mortgage loan amount is $300,000, and the nominal interest rate is 3% p.a. How much interest will you pay for the 5th year? $7,598.73 $7,964.73 $8,847.96 $9,000.00 $7,432.38

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