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What is the total amount of interest paid

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The Garfields buy a $265,000 home by putting 20% down and financing the balance with a 30-year fixed-rate 4.2% mortgage, compounded monthly. What is the total amount of interest paid to the lender over the entire 30-year loan?

A. 161,219.20

B. 1,036.72

C. 212,000.00

D. 161, 217.91

Reference no: EM131974749

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