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OpenStudy (anonymous):
You own a house, on which you pay a mortgage. Currently you owe 260,000 dollars on your mortgage, and your interest rate is 3.9 percent (this means that every year you pay interest on your debt amounting to 3.9 percent of what you owe). Your mortgage requires you to pay 1300 dollars every month. How much money do you pay to your mortgage company every year (in dollars)?
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