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Find the difference in interest paid over the full term of the loan repaid in monthly installments for a 200 000 loan Loan A 30

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Find the difference in interest paid over the full term of the loan repaid in monthly installments for a 200 000 loan Loan A 30 year fixed at 7 00 compounded monthly paid monthly or Loan B 20 year fixed at 6 50 compounded monthly paid monthly Payment P 7 1 O 38532 O 217470 They are the same

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