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Your family just bought a home for $250,000.You paid a down payment of $20,000. If interest rates are at 6.25% for your 30-year loan, with
Your family just bought a home for $250,000.You paid a down payment of $20,000. If interest rates are at 6.25% for your 30-year loan, with payments made monthly, how much interest will you pay over the first six years if you make the minimum monthly payment each month (to the nearest dollar)?
$19,005
$88,273
$90,171
$82,958
$81,211
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