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How much interest ( to the nearest dollar ) would be saved on the following loan if the condominium were financed for 1 5 rather

How much interest

(

to the nearest dollar

)

would be saved on the following loan if the condominium were financed for

15

rather than

30

years?

A $

262, 000

condominium bought with a

30 %

down payment and the balance financed for

30

years at

4.05 %

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