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Americans Pay $280,000 in Interest
January 15, 2015
Over the course of their lifetimes, Americans pay an average of $280,000 in interest, MarketWatch reported.
Although that specific number varies from state to state and interest rates depend on credit scores, borrowers tend to pay the most interest in states including California, Hawaii, New York, Virginia and Maryland. Residents of Washington, D.C., pay a whopping $451,890 in interest throughout their lifetimes.
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