Question: You borrow $ 5 5 2 , 4 6 9 to buy a house. The mortgage rate is 5 . 2 6 % APR and

You borrow $552,469 to buy a house. The mortgage rate is 5.26% APR and the loan term is 29 years. Payments are made monthly. Suppose you pre-pay an additional 13.0% per month on the loan. How much in total will you PAY on the loan with this pre-payment strategy? Round to the nearest dollar.

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