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1. You are considering the purchase of a home that would require a mortgage of $150,000. How much more in total interest will you pay

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1. You are considering the purchase of a home that would require a mortgage of $150,000. How much more in total interest will you pay if you select a 30-year mortgage at 5.65% rather than a 15-year mortgage at 4.9%? (Round the monthly payment amount to 2 decimal places.)

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