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A homeownet could take out a 15 -year mortgage at a rate of 5.5 APR compounded monthly on a $195,000 mortgage amount, or she could

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A homeownet could take out a 15 -year mortgage at a rate of 5.5 APR compounded monthly on a $195,000 mortgage amount, or she could finance the purchase with a 30-year mortgage at a tate of 6.7 percent APR compounded monthly. How much total interest over the entire mortgage period could she save by financing her home with the 15 year mortgage (to the nearest dollar)? Musple Craice 5230,408 $190805 5144,325 5155,612 3138 6 t

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