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What the total interest paid by the time this loan

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Reference no: EM133042056

Question - Consider a 25-year $500,000 loan with monthly payments and quarterly compounding with interest of 5% (APR). What the total interest paid by the time this loan?

A) $376,885

B) $375,077

C) $368,941

D) $367,207

Reference no: EM133042056

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