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Suppose you take out a 30-year mortgage for $149926 at an annual interest rate of 3.4%. After 16 years, you refinance to an annual rate of 1.6%. How

Suppose you take out a 30-year mortgage for $149926 at an annual interest rate of 3.4%. After 16 years, you refinance to an annual rate of 1.6%. How much interest did you pay on this loan?

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Total interest paid... View the full answer

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