Mae took out a 30-year loan for $235,000 at 4.6% interest, compounded monthly. If her monthly payment on the loan will remain $1204.71 for the life of the loan, how much will Mae have paid in interest once the loan is paid off?
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Home » Mathematics » Mae took out a 30-year loan for $235,000 at 4.6% interest, compounded monthly. If her monthly payment on the loan will remain $1204.71 for the life of the loan, how much will Mae have paid in interest once the loan is paid off?