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Determine the total interest paid on the loan

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Reference no: EM132602023

You are borrowing $200,000 and making payments at the end of each month. For an annual interest rate ranging from 5% through 10% and loan durations of 10, 15, 20, 25, and 30 years, determine the total interest paid on the loan.

Information Given:
Loan Amount: 200,00
Years: 10
Annual Rate: 0.06%

Reference no: EM132602023

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