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How much interest would be saved over the life of a mortgage if a home buyer were deciding to borrow $200,000 for 30 years or

How much interest would be saved over the life of a mortgage if a home buyer were deciding to borrow $200,000 for 30 years or 15 years (compounded monthly)?

Question 16 options:

$127,888

$100,000

$215,838

There is no difference

Cannot be determined from the information given

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