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OpenStudy (anonymous):
Maria is debating between two different mortgages for $155,000. She found a 20-year fixed rate loan at 7.35% and 15-year fixed rate loan at the same rate. How much more interest will she pay for the 20-year loan versus the 15-year loan?
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OpenStudy (anonymous):
usi=g formula M=P i(1+i)^nt/(1+i)^nt-1
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