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A 10-year mortgage carries an interest rate of 2.00% and a 15-year mortgage carries an interest rate of 2.50%. What is the incremental borrowing cost

A 10-year mortgage carries an interest rate of 2.00% and a 15-year mortgage carries an interest rate of 2.50%. What is the incremental borrowing cost of the 15-year loan over the 10-year loan? Please input your answer as an annual interest rate (i.e. 8.32% would be input as 8.32).

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