Question: How much interest do the borrowers in Problem 11 pay during the tenth year of the loan? In Problem 11, determine the monthly payment for

How much interest do the borrowers in Problem 11 pay during the tenth year of the loan?
In Problem 11, determine the monthly payment for a thirty-year real estate loan with an annual percentage rate of 8.5% and an initial principal of $200,000. How much interest is paid over the life of the loan?

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