Total interest will you end up paying over the life of loan

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You are buying a house and have borrowed $285,000 at an annual interest rate of 11.6 percent. The terms of the loan require you to make monthly payments and to completely amortize the loan over thirty years. Assuming you make the payments as agreed, how much total interest will you end up paying over the life of the loan?

Reference no: EM131577489

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