Question: Given: - Loan amount (mortgage) = $141,550 - Monthly payment (excluding escrowed taxes and insurance) = $1189 - Total number of payments = 30 years

Given: - Loan amount (mortgage) = $141,550 - Monthly payment (excluding escrowed taxes and insurance) = $1189 - Total number of payments = 30 years * 12 months = 360 Calculate the total cost of interest by multiplying the monthly payment by the total number of payments to find the total amount paid over 30 years. Then, subtract the total amount paid from the total loan amount to determine the total cost of interest over the 30-year period. Perform the calculations and round the answer to the nearest dollar to find the total cost of interest over 30 years

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