Question

Suppose you take out a 30-year mortgage for $125,238 at an annual interest rate of 3.0%....

Suppose you take out a 30-year mortgage for $125,238 at an annual interest rate of 3.0%. After 18 years, you refinance to an annual rate of 1.8%. How much interest did you pay on this loan?

Round your answer to the nearest dollar.

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