Question: Given the information in questions #1 - #4, Suppose that you would like to purchase a $250,000 home. Using 20% as a down payment, if
Given the information in questions #1 - #4, "Suppose that you would like to purchase a $250,000 home. Using 20% as a down payment", if you obtained a 15 year mortgage with a 3.7% interest rate, what is the total amount you would pay in payments over the term of the loan? Do not include the initial down payment in this answer. Use $ and commas as appropriate in your answer. Round your answer to the nearest cent. How much of the total amount in payments would be interest? Include "$" and round to the nearest cent.
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