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September 19, 2014

Homework Help: Real Estate

Posted by Shayla on Wednesday, December 22, 2010 at 10:51pm.

Smith purchases a home and obtains a $65,000 loan. The principal and interest payments are $8.54 per $1,000. The loan is for 30 years at 9%. How much does Smith pay in total interest over the life of the loan?

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