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Dr . & Mr . Baker were delighted to find a house for sale that they loved which required them to borrow $ 1 4

Dr. & Mr. Baker were delighted to find a house for sale that they loved which required them to borrow $140,000. They need to decide between a 20-year or 30-year loan. Both loans charge interest at a rate of 9.6% per year compounded monthly. Find the savings per month by going with the 30 year loan

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