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OpenStudy (anonymous):
Michelle is debating between two different mortgages for $184,000. She found a 20-year fixed rate loan at 7.05% 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? $2,794.80 $5,774.10 $45,081.00 $64,860.00
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