Pay the mortgage according to the loan agreement

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Reference no: EM131056635

You borrow 230,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 25 years. Payments are made monthly. If you pay the mortgage according to the loan agreement, how much total interest will you pay?

Reference no: EM131056635

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Pay the mortgage according to the loan agreement : You borrow 230,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 25 years. Payments are made monthly. If you pay the mortgage according to the loan agreement, how much total interest will you pay?

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