. The price of a home is $125,000. The bank requires a 20% down payment...

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Finance

image. The price of a home is $125,000. The bank requires a 20% down payment at the time of closing. The remainder will be financed with a fixed-rate mortgage at 5 % for 30 years. Find the total interest paid over the life of the loan.

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The price of a home is $125,000. The bank requires a 20% down payment at the time of closing. The remainder will be financed with a fixed-rate mortgage at 5% for 30 years. Find the total interest paid over the life of the loan

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