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Mark macy is buying a house the house costs 250000 he

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Mark Macy is buying a house. The house costs $250,000. He plans to put $50,000 down and borrow $200,000 at 3% for 30 years. Calculate the principal plus interest portion of his mortgage payment. What is the total interest to be paid over the life of the loan?

Reference no: EM13568460

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