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10. Michael and Kathryn borrowed $282,500 to buy their house, for which they took out a 30-year loan at 3.75%. (a) Find their monthly payment.

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10. Michael and Kathryn borrowed $282,500 to buy their house, for which they took out a 30-year loan at 3.75%. (a) Find their monthly payment. (b) What would their payment have been if they had instead taken out a 15-year loan at the same interest rate

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