Question: Brad decides to purchase a $ 2 3 0 , 0 0 0 house. He wants to finance the entire balance. He has received an

Brad decides to purchase a $230,000
house. He wants to finance the entire balance. He has received an APR of 3.4%
for a 25
-year mortgage. What is Brads total cost if he takes all 25
years to pay off the house? Round your answer to the nearest hundredth.

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