John and Jane bought a house for $300,000. They made a 20% down payment
initially, then took on a 30-year mortgage (loan) for the remaining balance. The
following graph represents the amount they paid towards the principal, interest,
and taxes throughout the life of the loan.
Breakdown of Mortgage Payments
Interest
39%
Taxes
19%
Principal
42%
33. What is the total amount John and Jane will have paid (in principal, interest,
and taxes) by the end of their 30-year mortgage? Round your answer to the
nearest dollar.
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