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Assume a selling price $95,000, a down payment of $20,000, and a mortgage at 3.125% for 30 years. If the loan was for 25 years,
Assume a selling price $95,000, a down payment of $20,000, and a mortgage at 3.125% for 30 years. If the loan was for 25 years, what would be the difference in the total interest cost of the loan? (Round your answer to the nearest cent.)
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