Mathematics
Mathematics, 18.07.2020 23:01, Arealbot

You wish to take out a $200,000 mortgage. The yearly interest rate on the loan is 4% compounded monthly, and the loan is for 30 years. Calculate the total interest paid on the mortgage. Give your answer in dollars to the nearest dollar. Do not include commas or the dollar sign in your answer.

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You wish to take out a $200,000 mortgage. The yearly interest rate on the loan is 4% compounded mont...

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