Question: You just closed on a $ 2 2 4 , 8 4 8 home in Cincinnati, Ohio. Now you have a 3 0 - year

You just closed on a $224,848 home in Cincinnati, Ohio. Now you have a 30-year mortgage with an APR of 11.77 percent per year with monthly compounding. How much interest will you pay over the life of the mortgage?

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