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Question
A homebuyer bought a house for $245,000. The buyer paid 20% down but decided to finance closing costs of 3% of the mortgage amount. If the borrower took out a 30-year fixed-rate mortgage at a 5% annual interest rate, how much interest will the borrower pay over the life of the mortgage?
A. $224,655
B. $180,622
C. $228,477
D. $188,265
E. $248,575
Answer
This answer is hidden. It contains 116 characters.
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