Julie is purchasing a home for $169,000. Her loan has been approved for a 30-year fixed-rate loan at 5 percent annual interest. She will pay 20 percent of the purchase price as a down payment. What is the total interest she will pay on her loan?
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Home » Mathematics » Julie is purchasing a home for $169,000. Her loan has been approved for a 30-year fixed-rate loan at 5 percent annual interest. She will pay 20 percent of the purchase price as a down payment. What is the total interest she will pay on her loan?