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So what is 193,345.59? That is the total interest I've paid over 20 years.

Great post. Wish it could be reprinted and included in the orientation package of every incoming student in the U.S.

To take your investigation another step, just imagine if the $50 here and $80 there in monthly interest payments to CCs had instead been contributed to an IRA account. Invested in even the most conservative of funds over 20 years, you'd now be a 35-year-old with a huge headstart on early retirement.

Good luck with your snowball,

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