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How much total will you pay for the home

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You are purchasing a home for $145,000. In order to get a 30 year fixed rate mortgage at 4.5% APR, the bank requires a 20% down payment. Assuming all payments are made exactly on time for the life of the loan, how much total will you pay for the home? How much interest is paid over the life of the loan?

Reference no: EM132673505

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