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A couple has just purchased a home for $347,000.00. They will pdyy 20% down in...

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A couple has just purchased a home for $347,000.00. They will pdyy 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 3.60% APR with monthly compounding. The mortgage has a term of 30 years. Attempts Remaining: Infinity How much interest is paid in the first year? Answer format: Currency: Round to: 2 decimal places

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