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7 January, 19:47

A house cost $150,000. If a loan is taken out for 15 years at 3.5%, what is the interest on the loan?

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  1. 7 January, 22:13
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    The interest is 3.5% a month. That payment is $1.072.32. This is a total of $43,017.60 at the end of the 15 years.
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