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Five Years Ago, You Assume a 15-Year, 7% Loan for $120,000

Question 87

Multiple Choice

Five years ago, you assume a 15-year, 7% loan for $120,000. How much interest have you paid thus far?


A) $32,081
B) $33,690
C) $34,609
D) $35,208
E) $37,611

Correct Answer:

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